Payment of excess provident fund
This query is : Resolved
Sagar Shah
(Querist)
06 March 2013
Dear All,
An entity has made an excess payment of provident fund inadvertently. Can this excess of payment over liability be adjusted in subsequent period?
Thanks,
Sagar Shah
An entity has made an excess payment of provident fund inadvertently. Can this excess of payment over liability be adjusted in subsequent period?
Thanks,
Sagar Shah
Santosh Mishra
(Expert)
06 March 2013
Yes, it can been done, we did it once.
But you need to explain it to PF authorities now or at the time of annual returns. Just provide them reconciliation of contributions made in each account during the period.
But you need to explain it to PF authorities now or at the time of annual returns. Just provide them reconciliation of contributions made in each account during the period.
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
- 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
- ITC not to be taken in accounts & GSTR-3B
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
