Interest Account rules govern crediting income, investment gains or losses, and treatment of brokerage and commission. The Interest Account under the Employees' Provident Funds Scheme is credited or debited with all interest, rent and other income realised, and with any net profit or loss from the sale or investment of fund assets other than Administration Account transactions. Brokerage and commission on securities and other investments are included in the purchase or sale price and are not separately charged to the Interest Account.
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.
Interest Account rules govern crediting income, investment gains or losses, and treatment of brokerage and commission.
The Interest Account under the Employees' Provident Funds Scheme is credited or debited with all interest, rent and other income realised, and with any net profit or loss from the sale or investment of fund assets other than Administration Account transactions. Brokerage and commission on securities and other investments are included in the purchase or sale price and are not separately charged to the Interest Account.
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