Exemption u/s.5(1)(xvii) of W.T.Act would not be available in respect of the amount of provident fund retained with the Government by an assessee subsequent to his retirement.

Exemption u/s.5(1)(xvii) of W.T.Act would not be available in respect of the amount of provident fund retained with the Government by an assessee subsequent to his retirement. https://www.taxtmi.com/circulars?id=8903 Exemption under section 5(1)(xvii) of the Wealth-tax Act is not available for provident fund amounts retained with the Government after retirement; pending assessments must be completed accordingly, but assessments in which the exemption was previously allowed pursuant to the withdrawn circular should not be reopened or rectified. en-us Fri, 29 Sep 1972 00:00:00 +0530 Mon, 30 May 2011 18:14:00 +0530 TaxTMI RSS Generator Exemption u/s.5(1)(xvii) of W.T.Act would not be available in respect of the amount of provident fund retained with the Government by an assessee subsequent to his retirement. https://www.taxtmi.com/circulars?id=8903 Exemption under section 5(1)(xvii) of the Wealth-tax Act is not available for provident fund amounts retained with the Government after retirement; pending assessments must be completed accordingly, but assessments in which the exemption was previously allowed pursuant to the withdrawn circular should not be reopened or rectified. Circulars Income Tax Fri, 29 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8903