Extension of exemption under provident fund scheme depends on continued compliance, net worth conditions, and timely application. Extension of exemption under the Employees' Provident Funds Scheme is initially limited to three years from publication of the exemption notification, and an application for extension must be filed on the specified portal at least six months before expiry. Renewal depends on continued satisfaction of the exemption conditions by the establishment and the Trust, and it remains effective while those conditions continue to be met and the establishment's net worth does not remain negative for three or more consecutive years.
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.
Extension of exemption under provident fund scheme depends on continued compliance, net worth conditions, and timely application.
Extension of exemption under the Employees' Provident Funds Scheme is initially limited to three years from publication of the exemption notification, and an application for extension must be filed on the specified portal at least six months before expiry. Renewal depends on continued satisfaction of the exemption conditions by the establishment and the Trust, and it remains effective while those conditions continue to be met and the establishment's net worth does not remain negative for three or more consecutive years.
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 
