Priya Rao (student) (281 Points)
21 May 2012
Helo,
I want to know what are the tax implications on temporary withdrawal from EPF account? Will the same be treated as loan or taxed similar to full EPF withdrawal procedure?
Kindly reply.
CA Tushar Lakhanpal
(CA)
(416 Points)
Replied 21 May 2012
any amount withdrawn from EPF account cannot be added back to such account so it cannot be said to be temporary withdrawal ...
Further since such amount cannot be added back it is not a loan and treated normally as the EPF procedure mentioned by you
Regards
Tushar
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