Part DCASafe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC )
Exemption on provident fund balance when recognition withdrawn - pre-withdrawal credit paid tax-free, remainder taxable. When recognition of a provident fund is withdrawn, the employee's account balance as at the end of the financial year prior to withdrawal is payable ... Summary
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Exemption on provident fund balance when recognition withdrawn - pre-withdrawal credit paid tax-free, remainder taxable.
When recognition of a provident fund is withdrawn, the employee's account balance as at the end of the financial year prior to withdrawal is payable tax-free when received, subject to Fourth Schedule provisions; any remaining accumulated balance is taxable as if the fund had never been recognised.
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