sangram (service) 17 December 2009
Dear All,
Is there is any time frame prescribed for keeping records of PF by the company under The Employees' Provident Fund and Miscellaneous Provisions Act,1952 ?
If any such provision is there then for how many years such records can be kept?
Regards,
Sangram Joshi
aman kumar (SUPERVISER) 17 December 2009
15 years only
sangram (service) 17 December 2009
Dear Sir,
Can u please mention uder which Section of PF Act this provision has been made?
we are company having more than 500 peoples are working in a day.
Regards,
Sangram
Naresh Kumar (Sr. Executive) 21 December 2009
Law stipulates that ermployer must keep PF records for atleast 10 years as in case of Income Tax. After expiry of 10 years, there is no need to keep such records and company can destory it at its own discretion. In fact authorities do not ask for records more than 5 years older if company has been filing PF returns and depositng PF accumulations regularly and does not leave any correspondence from the PF authorities unattended.
Dr.Anjani Kumar Vaidyasen,09431271130,Patna (Corporate affairs Taxation and Law Consultants Advocate) 28 December 2009
U/s 7a of the Employees and Provident Act, you are required to file your return copy in the office of the EPFO.
Thanking you.
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