TaxTMI 
TaxTMI 
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
28 Jan 2010 
4 Replies 
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Declaration of Provident Fund contributions affects eligibility for deduction under 80C and risks undisclosed investment treatment.
Contributions to provident funds must be declared to claim the Section 80C deduction and are subject to the statutory 80C ceiling; undisclosed contributions risk being treated as undisclosed investment. PF withdrawals are generally regarded as non taxable in current practice, but taxpayers should verify the latest provisions and consider qualifying service period and factual disclosure when assessing tax consequences. (AI Summary)
Contributions to provident funds must be declared to claim the Section 80C deduction and are subject to the statutory 80C ceiling; undisclosed contributions risk being treated as undisclosed investment. PF withdrawals are generally regarded as non taxable in current practice, but taxpayers should verify the latest provisions and consider qualifying service period and factual disclosure when assessing tax consequences. (AI Summary)