Rule 74 - Accounts

Provident fund accounts: annual preparation, certified supply and member statements ensure accounting transparency and contribution reporting.

Recognised provident funds must prepare annual accounts and maintain individual subscriber accounts with particulars as prescribed. If accounts are maintained outside India, certified copies must be supplied to a local employer representative by the annual deadline, unless a later date is fixed by the Assessing Officer. Trustees must furnish an annual abstract of each employee's account to the relevant assessing officer showing period totals and any temporary withdrawals and repayments. Employers must send each member, after year-end, a statement of opening balance, contributions, interest credited or debited and the closing balance.