Clarification by the finance ministry on the EPF tax row has raised more questions than answers
To standardise all products, the FM introduced tax on EPF too
The latest twist came after Revenue Secretary Hasmukh Adhia earlier in the day said only interest on 60% of EPF would be taxed at withdrawal
The move to tax 60% of contributions effective April 1, 2016, had been roundly criticised since it would affect all salaried individuals
Started by a finance professional Vaibhav Aggarwal, the appeal has support of nearly 3,000 people