Pl. refer to Section 14-B and para 32A of PF Act : Just wondering if any has any clue about the cases where the PF office has reduced the penal interest rates or given waiver for the penal interests and damages
Thanks
Sudeep
From India, Hyderabad
2Thanks
Sudeep
From India, Hyderabad
Dear Sudeep ji, Please find herewith a full bench judgment of Delhi HC quashing 7Q interest charges, which may be a answer to your query.
From India, Mumbai
From India, Mumbai
Sir,
The Company had not made the contributions to the Trust for a period of three years. My question is that whether we have to consider only Section 7Q or Section 14-B to book liability in the Financial Statement.
With regards,
M C Manjunath
From India, Bengaluru
The Company had not made the contributions to the Trust for a period of three years. My question is that whether we have to consider only Section 7Q or Section 14-B to book liability in the Financial Statement.
With regards,
M C Manjunath
From India, Bengaluru
Sir,
please provide solution of 14b and 7q (epf)
our organisation maintain unrecognised pf and provide all benefit to staff.
But 2013 epf department enrollement to 2009 and our organisation transfer the payment.
But now2017 demand heavy damages with penalty approx 38 lac
pls help
ashish agarwal
9782921113
please provide solution of 14b and 7q (epf)
our organisation maintain unrecognised pf and provide all benefit to staff.
But 2013 epf department enrollement to 2009 and our organisation transfer the payment.
But now2017 demand heavy damages with penalty approx 38 lac
pls help
ashish agarwal
9782921113
Dear Ashish ji,
No solution can be given to you on such subject by any one on such platform. You need to engage an expert advisor and give him all the facts and figures with all documents in this regards.
It seems to me that your establishment is covered under EPF from 2009 by the authority in the year 2013. It also seems to me that your establishment has made the payment of dues in PF account. But there is a delay in payments. You were supposed to make the payments every month by 15th since date of your coverage i.e. in 2009. You are liable to pay interest on the dues at 12% pa and damages up to maximum 25% depending upon number of months delay in payment.
You are fortunate that there was no arrest to you in this matter. You can not have any unrecongised PF account. The deduction made by you from employees salary is un-authorized / illegal deduction.
From India, Mumbai
No solution can be given to you on such subject by any one on such platform. You need to engage an expert advisor and give him all the facts and figures with all documents in this regards.
It seems to me that your establishment is covered under EPF from 2009 by the authority in the year 2013. It also seems to me that your establishment has made the payment of dues in PF account. But there is a delay in payments. You were supposed to make the payments every month by 15th since date of your coverage i.e. in 2009. You are liable to pay interest on the dues at 12% pa and damages up to maximum 25% depending upon number of months delay in payment.
You are fortunate that there was no arrest to you in this matter. You can not have any unrecongised PF account. The deduction made by you from employees salary is un-authorized / illegal deduction.
From India, Mumbai
Respected Sir, my proprietary company doing labour contract was closed in 2010. 7A was served & closed in 2013 & we paid the dues of ₹ 17,000/- immediately. Now after the 8 years of closure of the company & 5 years of closure, there id a demand of ₹ 23,000/- & ₹83,000/- 7Q & 14b. Being closed company are we liable to pay or seek some relief? Thanks & Regards
From India, Mumbai
From India, Mumbai
Dear Ashish
In the case of the 'Pre-discovery period' i.e. where the coverage is made after the due date, the damages are levied @ 10% PA. Moreso the amount of Ees share is also not payable if contributions are not deducted from them. No liability u/s 7Q in such matters.
Please check/tally the actual date of remittance also from the statement. The computer-generated statement is also committing errors.
From India, Jaipur
In the case of the 'Pre-discovery period' i.e. where the coverage is made after the due date, the damages are levied @ 10% PA. Moreso the amount of Ees share is also not payable if contributions are not deducted from them. No liability u/s 7Q in such matters.
Please check/tally the actual date of remittance also from the statement. The computer-generated statement is also committing errors.
From India, Jaipur
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THE INDIAN PENAL CODE 2009.doc
Indian penal codes.pdf