PF amount received on superannuation by govt employee.
This query is : Resolved
31 July 2024
Sir, after 36 years of service in govt public sector on superannuation I received PF amount but I did not show that amount in my current year ITR. All other amount ie GRATUITY,
COMMUTATION OF PENSION, LEAVE IN CASHMENT SHOWN BY ME IN ITR DESPITE OF GRATUITY AND COMMUNICATION AMOUNT WAS NOT SHOWN IN FORM 16 A.
EVEN PF AMOUNT IS NOT SHOWN IN FORM 16 A.
KINDLY GUIDE
1) IF ANY HARM FILING ITR WITHOUT MEHTIONG PF AMOUNT RECEIVED BY ME ON SUPERANNUATION WHICH IS TAX FREE.
Or
2) it is mandatory to disclose PF amount received on superannuation which is not appearing in my form 16A?
3) My CA is saying that that their is no need to disclose PF amount in ITR because same is not appearing in form 16A and saying that if we will so the same, then notice from IT Depptt may be issued regarding clarification
COMMUTATION OF PENSION, LEAVE IN CASHMENT SHOWN BY ME IN ITR DESPITE OF GRATUITY AND COMMUNICATION AMOUNT WAS NOT SHOWN IN FORM 16 A.
EVEN PF AMOUNT IS NOT SHOWN IN FORM 16 A.
KINDLY GUIDE
1) IF ANY HARM FILING ITR WITHOUT MEHTIONG PF AMOUNT RECEIVED BY ME ON SUPERANNUATION WHICH IS TAX FREE.
Or
2) it is mandatory to disclose PF amount received on superannuation which is not appearing in my form 16A?
3) My CA is saying that that their is no need to disclose PF amount in ITR because same is not appearing in form 16A and saying that if we will so the same, then notice from IT Depptt may be issued regarding clarification
01 August 2024
1 No harm, it's exempt income no need to show in ITR.
2 Not mandatory.
3 CA is right no need to show.
2 Not mandatory.
3 CA is right no need to show.
01 August 2024
Thanks sir for valuable advise and guidance.
Highly obliged.
🙏
Highly obliged.
🙏
01 August 2024
You are welcome...
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