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Payment of excess provident fund

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(Querist)
06 March 2013 Dear All,

An entity has made an excess payment of provident fund inadvertently. Can this excess of payment over liability be adjusted in subsequent period?

Thanks,
Sagar Shah
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Santosh Mishra

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Santosh Mishra (Expert)
06 March 2013 Yes, it can been done, we did it once.

But you need to explain it to PF authorities now or at the time of annual returns. Just provide them reconciliation of contributions made in each account during the period.

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