SALARY
This query is : Resolved
18 April 2010
Contribution to unrecognised fund is disallowed in case of PGBP.
In case of salary such unrecognised fund it is taxable in the hand of employee on maturity.
ISN'T ,it is a double taxation which income tax not follow .
Is there any logical provision , or just a rule?
In case of salary such unrecognised fund it is taxable in the hand of employee on maturity.
ISN'T ,it is a double taxation which income tax not follow .
Is there any logical provision , or just a rule?
18 April 2010
payment received from Unrecognised PF only employer contribution taxable in the hands of employee under the head salary how ever the Relif u/s.89 can be claimed and interest recived on the both employer and employee contribution is taxable under the head Other sources
19 April 2010
agree
21 April 2010
THANK YOU SIR
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