Pf withdrawl trust account

This query is : Resolved 

10 January 2012 I was employed with Employer A for the period July 2006 to June 2010.

Post which I moved to Employer B. Company B has total number of employees as 6. Hence my current employer is not liable to deduct PF.

In 2011 December I requested Employer A to refund my accumulated PF. Employer a manages PF through a Trust and claims that the amount accummulated so far will be subject to TDS.

I am informed that if I submit a certificate from my current employer stating that they are not liable to deduct PF then in that case Employer A should not deduct any TDS as the proceeds are tax free.

I am forced to withdraw this amount and it should not subject to Taxation. However I left the money with Employer A for over 1 year before withdrawing it so that they have the funds for 5 years in total.

Please can someone clarify the following?

1. Is the Pf accummulated taxable?
2. Is TDS mandatory for a Trust?
3. Can I claim a refund for the TDS done?

12 January 2012 Anybody knows this quary? please help me

18 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries