Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Provident fund account maintenance requires annual statements, subscriber records, and timely certified copies for tax compliance. Accounts of a recognised provident fund must be prepared at intervals of not more than twelve months, with a separate account maintained for each subscriber in the prescribed form. Where accounts are kept outside India, certified copies and prescribed abstracts must be furnished by the specified dates, subject to extension by the Assessing Officer. The employee's account must show salary, contributions, interest and contribution percentage, and each employer must send every member an annual statement showing opening balance, yearly contributions, interest and closing balance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provident fund account maintenance requires annual statements, subscriber records, and timely certified copies for tax compliance.
Accounts of a recognised provident fund must be prepared at intervals of not more than twelve months, with a separate account maintained for each subscriber in the prescribed form. Where accounts are kept outside India, certified copies and prescribed abstracts must be furnished by the specified dates, subject to extension by the Assessing Officer. The employee's account must show salary, contributions, interest and contribution percentage, and each employer must send every member an annual statement showing opening balance, yearly contributions, interest and closing balance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
