What is unrecognised provident fund?
The balance available in this fund is taxable or not?
Please let me know.
Thanks in advance.
Dheeraj
(Learner)
(1100 Points)
Replied 19 August 2010
URPF IS THAT PF WHICH IS UNRECOGNIZED BY ANY PRESCRIBED AUTHORITY OF INDIA
& DURING JOB- ONLY EMPLOYEE CONTRIBUTION IS TAXABLE
& ON RETIREMENT- OTHER THAN EMPLOY CONT.EE i.e EMPLOYER CONT. + INTEREST ON EMPLOYER AS WELL AS EMPLOYEE CONT.'s INTEREST IS TAXABLE
RAKESH
(Almost CA)
(2199 Points)
Replied 19 August 2010
Originally posted by : Dheeraj | ||
URPF IS THAT PF WHICH IS UNRECOGNIZED BY ANY PRESCRIBED AUTHORITY OF INDIA & DURING JOB- ONLY EMPLOYEE CONTRIBUTION IS TAXABLE & ON RETIREMENT- OTHER THAN EMPLOY CONT.EE i.e EMPLOYER CONT. + INTEREST ON EMPLOYER AS WELL AS EMPLOYEE CONT.'s INTEREST IS TAXABLE |
Ahrar Sabbu
(Accounts Executive)
(228 Points)
Replied 16 December 2012
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 16 December 2012
hello debasish
refre page 6 of the pdf file i am enclosing