Is it mandatory to declare your contribution to PF under 80C and claim benefit.This is more so when you have insurance premiums and housing loan principal amount to your disposal under 80C. What will be the taxability if the same PF amount is withdrawan in more than 5 years and less than 5 years
Claim of benefit u/s 80c after declaration
Rahul Bagaria
Forum Discussion Heats Up Over Section 80C Tax Benefits and Contribution Expectations A forum participant raised a query about claiming tax benefits under Section 80C for provident fund contributions, alongside insurance premiums and housing loan principal payments. A professional responded, suggesting the query was unclear and emphasized the need for detailed information. The discussion escalated with criticisms about the quality of responses and the contributor's role in the forum. Another participant criticized the original poster for raising numerous queries without contributing substantial content. The exchange highlighted tensions regarding the purpose of the forum, with emphasis on knowledge sharing rather than simply seeking free advice. (AI Summary)