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+--- Thread: provident fund deductions (/thread-provident-fund-deductions)
provident fund deductions - murad ali - 01-16-2010
hum apnay employees ko provident fund ki facility dena chatay hain hamain provident fund ki katoti say pehlay konsay legal steps lena parain gay
- Ikhan - 01-18-2010
here are the require steps.
1) Make a trust deed for PF.
2) Register your trust deed to Govt dept
3) Authorize trust deed through Court
4) Open a bank account for PF.
-imran
- awaisaftab - 01-19-2010
For the purpose of treating Employer's contribution towards provident fund as deducitble expense, while determining total income of the employer,it is necessary that the provident fund should must be registered.
The registration procedure of P.F is provided in the taw law see schedule 6 of Income Tax Ordinance,2001.
But you should keep it in mind that a trust deed is essential document for P.F. The detailed procedure of registration and recognition of P.F is available in almost all books on taxation.