Provident fund

T.N.REDDY (Querist) 23 November 2016 This query is : Resolved
P.F. Dept. as per EPF and MP Act, 1952 is levying the Interest U/s 7Q and penlty(Damages) u/s 14B on the belated payments and issuing the notices from the financial year 1992-1993 onwards where as now we in 2016-2017. Is it valid?. is there a time limit for levying such interest and damages, if so, what is the time limit. But, demanding the interest and pently(Damages) beyond 5 years is not justifiable. kindly advice in this regard.

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Guest (Expert) 24 November 2016
A commercial query.

However, the action of the PF dept. is valid, as not covered under any limitation.

Rajendra K Goyal (Expert) 24 November 2016
Agree with the expert PS Dhingra.

Kumar Doab (Expert) 24 November 2016
Your establishment can afford to entrust the matter to its legal counsel/law firm.

The limitation is not attracted.

Rajendra K Goyal (Expert) 26 November 2016
Agree, take consultation from professional.

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