Provident fund account maintenance prescribes entries for contributions, interest, withdrawals and exemption-related calculations for tax treatment. Form No. 41 prescribes a ledger for recognised provident fund subscriber accounts recording monthly entries for salary, transfers, employee and employer contributions (including contingent employer contributions), interest, balances and optional interest subdivision; it designates exempt and not-exempt amounts and includes separate temporary and non-repayable withdrawals ledgers tracking advances, repayments, interest and balances, with columns for calculating employer and employee contribution limits, additions to total income, and amounts eligible for abatement.
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Provisions expressly mentioned in the judgment/order text.
Provident fund account maintenance prescribes entries for contributions, interest, withdrawals and exemption-related calculations for tax treatment.
Form No. 41 prescribes a ledger for recognised provident fund subscriber accounts recording monthly entries for salary, transfers, employee and employer contributions (including contingent employer contributions), interest, balances and optional interest subdivision; it designates exempt and not-exempt amounts and includes separate temporary and non-repayable withdrawals ledgers tracking advances, repayments, interest and balances, with columns for calculating employer and employee contribution limits, additions to total income, and amounts eligible for abatement.
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