Clarification needed regarding pf (Income Tax)

This query is : Resolved

Author : Anonymous

( Author )
16 July 2012

Here is a situation where the company is been incorporated in Jan 2012, not registered to PF as the employee strength is not reached the prescribed limit. however the PF amount is been getting deducted from employees account.

PF department has clarified there is no issues in deducting from employees but have to remit all the amount deducted after registration with extra administrative charges.

In this regard, the auditor is stating this will be qualified as he says " The Amount gets added back under section 36(1)(v a) read with 2(24)(X) of income tax "

However as per my understanding of the above mentioned sections i think if the company is not eligible to get registered under the ACT then how can it pay the amount ? that too within " Due Date ".

Now i need your clarification on
Does this allow to add the deduction back under section 36
Do this form to be Qualified to this extent

Author : Anonymous

( Author )
17 July 2012

Hi,

Can any one of you please reply to this.

Thanks.