Interest on Recognised Provident Fund
This query is : Resolved
30 October 2007
Interest on recognised provident fund was exempt earlier to the extent of 9.5%. It has now been changed to 8.5%. I would like to kmow this change would be applicable from which previous year/assessment year ?
31 October 2007
Dear lakshmi..
The government decided to maintain 8.5 percent interest rate for the 40 million subscribers of the employees' provident fund (EPF) scheme for 2006-07.IT THE PRIVIOUS YEAR RELEVENT TO ASSESSMENT YEAR 2007-08.
'The central government has notified 8.5 percent rate of interest for the year 2006-07,' Central Provident Fund Commissioner A. Viswanathan told THAT The fund's trustees had also recommended the same interest rate.
The government decided to maintain 8.5 percent interest rate for the 40 million subscribers of the employees' provident fund (EPF) scheme for 2006-07.IT THE PRIVIOUS YEAR RELEVENT TO ASSESSMENT YEAR 2007-08.
'The central government has notified 8.5 percent rate of interest for the year 2006-07,' Central Provident Fund Commissioner A. Viswanathan told THAT The fund's trustees had also recommended the same interest rate.
sannagovindappa.G
(Expert)
02 November 2007
Aseesment year 2006-07 and 2008-09
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
