29 December 2010
Company did not earn @ 8.5% from funds parked from the PF collected thru employees and own contri. THe same has to be paid by the company on its own. How such loss shall be accounted?
30 December 2010
Dear Sir, after all PF trust is just an SPV .. ultimately it is company who shall be responsible. PF trust would be able to pay the employees only after the compant makes the contribution of employees available to the trust. trust is nothing but the SPV of the Company.
CAclubindia
