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EPFO decides to fine PF trust flouting investment rulesThere are over 3,000 PPFTs which are being regulated by the EPFO. These trusts manage fund to the tune of around Rs 2 lakh crore.- EPFO asks field staff to file IT exemption proposals by November 15Retirement fund body EPFO has directed its field staff to submit all proposals for grant of regular income tax exemption to private PF trus...
- EPFO to use IT-based monitoring of private provident fund trustsEPFO has directed to ensure that BOT invest PF amounts in accordance with that investment pattern and within the stipulated time frame.
- Budget 2013 gives one more year to PF trusts to seek I-T exemptionUnion Budget 2013 has proposed to extend the deadline for seeking exemption certificate by private PF trusts by one year till March 31, 201...
- Extension of tax waiver to private PF trusts likelyGovernment today indicated that the IT exemption to about 2,400 private provident fund trusts would be incorporated in the 2012-13 Budget.
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