if the PF is not paid for the month of April and May 2020 and also the salary is not paid.
what will be the implications accounting and complaince point of view.
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PF not paid.
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Quick Summary
I left off my PF. I dont understand why PF is paid which one cant even pay their electricity bill. Put it as outstanding PF account.
This PF is for the governments to live up on us permanently like parasites. They reinvest this money instead printing new money.
That is why I am planning to start a BPO company for rich overseas clients. Politicians
The PF outstanding liability for the year ending March 2021 will not be allowed as a deduction to the business. The liability will be allowed only if it is paid before the due date of filing of return.
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