Can any one explain regarding PF
In case one person change his job. Now he wants to shift the old PF A/c with the New Employer.
My question is that how much time should be required for this shifting account.
Is it necessory to open a new account with the new employer and there after shift the old one.
he was asked to wait for four months for this. I think it is not right.
Please advice
Rajesh
Shekar
(CA & LCS )
(1109 Points)
Replied 23 July 2008
Employee need not open New account if he wishes to continue the old account even after joining another employer...and it will defenitely not take 4 MONTHS
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 23 July 2008
Yaa. he can continue with old Account.
Rushikesh
(Chartered Accountant - Manager Finance)
(2375 Points)
Replied 23 July 2008
what about the PF withdrawal? do we get the full amount? Is it taxable or we can show it in our IT computation?
CAclubindia
