Provident fund

Manish Gupta (Querist) 18 July 2013 This query is : Resolved
A company created its provident fund trust and applied to RPFC for exemption. about 3 years or more has elapsed but RPFC has not grant exemption or rejected the application. In the mean time the company decided to deposit the contribution made in PF trust to PF office due to delay in granting exemption. Now PF department has raised the interest liability and damages notice for failure to deposit PF on time. What is the solution and how to proceed in this case. Whether it is tenable on part of department to demand interest even if the application is pending for exemption. Kindly reply

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Sudhir Kumar, Advocate (Expert) 18 July 2013
since there was no exepmption it is a delayed payment. No way.

Rajendra K Goyal (Expert) 18 July 2013
The exemption was not granted, PF deposit was not done as per provisions, interest and damages liability need to be paid.

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