+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7)
+--- Thread: Provident Fund Audit Requirement (/showthread.php?tid=8757)
Provident Fund Audit Requirement - kashifk89 - 09-17-2010
Hello..
I am a trainee at A.F Ferguson & Co. I have recently come across a question regarding the audit requirement of Provident funds..
Apart from the requirement of Trust Deed is there any law applicable which requires the companies to get their funds audited ? If yes please provide the source..
Looking forward to your replies
- kashifk89 - 09-19-2010
anyone ?
- majidrajpar - 09-23-2010
yesthe requirement lies in tax rules, I cant remember the specific schedule, but again that is under provisio that if you(PF) are registered under ITO that applies, other than that I cudnt run into a straight reference. This is not very helpful I know, but it gives a lead to somewhere
- kashifk89 - 09-27-2010
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by majidrajpar</i>
<br />yesthe requirement lies in tax rules, I cant remember the specific schedule, but again that is under provisio that if you(PF) are registered under ITO that applies, other than that I cudnt run into a straight reference. This is not very helpful I know, but it gives a lead to somewhere
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Thanx for your effort.. Appreciate it )
- Nauman - 09-27-2010
I do not remember the exact reference but in order to get income of provident fund exempted the accounts must be audited, something along these lines. I'll post the exact reference when I get time.