Part DCA - Safe 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)
Second withdrawal from recognised provident funds is restricted, with limited housing-related exceptions and repayment-linked conditions. Second withdrawal from a recognised provident fund is generally barred until the amount first withdrawn has been fully repaid, subject to specified exceptions for permitted housing purposes. A limited additional facility applies to employees with pay not exceeding rupees five thousand per month, allowing withdrawal of the difference between the admissible amount and the amount earlier withdrawn for site purchase, where the employee now proposes to construct a house, complete a housing transaction and acquire ownership, or complete unfinished construction due to shortage of funds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Second withdrawal from recognised provident funds is restricted, with limited housing-related exceptions and repayment-linked conditions.
Second withdrawal from a recognised provident fund is generally barred until the amount first withdrawn has been fully repaid, subject to specified exceptions for permitted housing purposes. A limited additional facility applies to employees with pay not exceeding rupees five thousand per month, allowing withdrawal of the difference between the admissible amount and the amount earlier withdrawn for site purchase, where the employee now proposes to construct a house, complete a housing transaction and acquire ownership, or complete unfinished construction due to shortage of funds.
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