I was working in India from 1st April 2013 to 31 October 2013 and earned salary income. I have now shifted to Dubai and working as a salaried employee in Dubai since November 2013.
I have withdrawn my balance in EPF Account for the current financial year (FY 2013-14) as well as the previous financial year (FY 2012-13).
I have invested around 1 lacs in LIC & PPF.
I have certain queries. 1. Can I avail deduction u/c. VIA of Rs. 1 lacs? 2. Is the EPF amount which is withdrawn taxable in my hand and to what extent (employee or / and employer's contribution). 3. At what rate should I convert my foreign earnings from November 2013 to March 2014?
CAclubindia
