Recognised Provident Fund

This query is : Resolved 

04 October 2007 Can a person which is a member of Recognised Provident Fund (RPF), take loan from it ? And is it possible for him to take loan from it at concessional rate ?
Taking loan from RPF at concessional rate is taxable for all employees or not ?

04 October 2007 Taking Loan from P.F. is possible even without paying interest. It is an interest free loan and it can be repaid or adjusted from the employee's final settlement.

Since taking loan from R.P.F. is a capital receipt, it is not taxable for the employee.



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