D
Dileesh
V
Vikas Nigam
I started working inn 2011. I withdrew my PF contributions after i quit my first job in 2017. Since then i have been continuously working till September 2021 and PF contributions continuing till September 2021 as required. Now i am unemployed again since September 2021. If I withdraw my PF contributions, would they be taxable?
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Dear Vikas,
If you withdraw PF before 5 Years of contribution then it is taxable. In your case you have contributed to PF for 4 Years 2017 to 2021 & now you are withdrawing so it will be taxable. One more thing PF office with deduct TDS @ 10% on withdrawal if your PAN updated.
For further consultation you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
Yes, your PF withdraw amount will be taxable.
T&C applyS
Sravan
What is the TDS u/s 195 for Sale of Agricultural land by NRI?
Hi,
I am buying a property (4 Acres of Agricultural land) from a NRI friend from same village as myself. This land is about 2kms from the municipal limits of Gudivada (Population of 1.50 lakh) Andhra pradesh. NRI acquired the land via a gift deed from his grand father in 1977.
Below are the details of Transaction.. (Figures in rupees)
1. Can you please advice me how much TDS (including any cess and surcharge) I/buyer have to deduct under section 195 for current FY? Is it 20.6, 20.8? or 22.8 etc..?
2. Is there any benefit for NRI to obtain Lower tax deduction certificate in this case? and How much it will be?
3. What is the actual LTCG tax (irrespective of TDS u/s 195) NRI has to pay?
4. The NRI is willing to reduce the price if surcharge is impacting TDS buyer has to deduct.. Is that the case here?
Cost of 4 Acre land in 1977 as per document - 32,000
Cost of 4 Acre land in 2001 as per Fair market value by Government - 3,20,000
CII adjusted value of 4 acre land - 10,14,400
Sale price of 4 Acre land (January 2022)- (25,62,000*4) = 1,02,48,000
Thank you in advance..
J
Jeno
Is the EL /Unearned Leave Encashment received on retirement by a Public Sector Unit (TANGEDCO) owned by Tamilnasu State Govt. employee taxable?
Dear Jeno,
The leave Encashment received at the time of Retirement by Central/State Government employee is fully exempt from Tax. However for Non government employee amount is exempt subject to certain ceiling limit specified U/s 10(10AA).
So if you fall under the category of State Government emplyee then it will be fully exempt.
For Further consultation you can reach us at ca.rahuldwivedi@gmail.com or 90004485377
P
Pranav Dhar
I have a query regarding llp formation
Dear Pranav,
For any consultation relating to Company Formation, LLP Formation, Partnership deed etc. any where in India you can get in touch with us.
ca.rahuldwivedi@gmail.com or 9004485377
