Fact:
1. Holding Company has valid PF account no. under PF Act & reguraly deducts & deposits PF from its employees.
2. Subsidiary Company does not have a PF Account under PF Act, Earlier it had no employees but from this Financial Year, it has appoint 1 employee.
Query: Can Holding Company deduct & deposit PF in its PF Account from the salary of Employee of Subsidiary Company or can Holding Company deduct & deposit PF in its Account on behalf of Subsidiary Company
pls reply asap
thanx
Dear Kamleshwar,
U need not to deduct PF for single employee in subsidary company. it depends u have issued appointment in main company & employee is working in subsidary co.
O D Sharma
But Sir, what should we do now... 1 Employee has already been appointed in Subsidiary Company.
Is there any legal obligation to deduct PF from the salary of employee of Subsidiary Company
RMA And Associates LLP
New Delhi
CA Inter
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
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