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Provident Fund Audit Requirement
09-17-2010, 04:05 PM
Post: #1
Provident Fund Audit Requirement
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
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09-19-2010, 04:30 PM
Post: #2
 
anyone ?
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09-23-2010, 04:36 AM
Post: #3
 
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
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09-27-2010, 12:58 AM
Post: #4
 
<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 )
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09-27-2010, 03:50 AM
Post: #5
 
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.
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