PROVIDENT FUND WITHDRAWAL

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Querist : Anonymous (Querist)
17 January 2011 What are the income tax provisions on provident fund withdrawal & provident fund transfer?

17 January 2011 If a person withdraw any money from Provident fund account before the expiry of five year, the exemption u/s 80C earlier will be withdrawn and a person has to pay tax in the year of withdrawl

17 January 2011 Further to above, any transfer of PF account will be treated as continuation of PF Account & NO tax will be applicable on such transfers.




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