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Please Help: TDS ON PROVIDENT FUND

Posted Date : 17-Mar-2018 , 09:38:58 am | Posted By: CA. NIRANJAN PURANDARE

Category : Income Tax | Answers : 0| Comments : 0| Hits: 221

W.e.f. 01/06/2015 the Trust / administration of Recognised provident fund is required to deduct TDS @10% on the payment proceeds of PF balance to the employees u/s 192A if that employee has not served continuously for the period of 5 years as provided in the Schedule IV Part A read with Rule 8 of the I.T. Act, 1961 in that regard. However there is a provision in favor of such employees who have not put in more than 5 years of service provided the termination of employment is on account of: 1. Ill health of the employee. 2. Contraction or Discontinuance of the employer’s business. 3. Other cause beyond the control of the employee. I want to understand that what are the circumstances which can be termed as “beyond the control of the employee” which would satisfy the A.O.’ s requirement and allowing such proceeds to be exempt income in the hands of the assessee. Are any case law in favor of employee on this issue with citations?

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