Second time PF Advance

TARUN VARSHNEY (Querist) 04 January 2016 This query is : Resolved
My name is Tarun. I work for an MNC. My PF account is 9 years and currently being maintained by Company's trust. I took PF advance in 2014 to purchase a flat. Even there is still money in my PF account.

So, can I ask my company to reissue cheque of remaining amount favouring Bank where my home loan is running? Please confirm.

Are there any tax implications in this case? If yes, how can I avoid them so that I can save some tax and pack back some portion of home loan to bring down the total loan liability.

Follow Query

Report Abuse

Guest (Expert) 04 January 2016
Not a legal problem. You have knowcked the wrong door.

Read PF rules or the company's guidelines on PF.

Rajendra K Goyal (Expert) 04 January 2016
Refer the trust rules in this regard.

Sudhir Kumar, Advocate (Expert) 05 January 2016
read PF rules of the trust.

also read epfo norms available on their website.

company cannot have less beneficial terms than those offered by epfo.

K.S.Srinivas (Expert) 05 January 2016
Go through the TRUST Rules.

T. Kalaiselvan, Advocate Online

(Expert) 10 January 2016
As advised by experts, you may visit the PF rules meant for the trust and also about the withdrawals.
You can withdraw upto 80% of your PF accumulation but please clarify the same from your office about this.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries