Dear All,
I am getting my PF A/c transferred from my current organization to prospective organization, while filling Form.13 for transfer of PF A/c, in the second sheet, i need to disclose payee's details.
Now my doubt is, who is payee here? whether it's me or my prospective employer/organization??
Plz clarify me.
Thanks & Regards
Sowmya.S
Hi,
payee means the one to whom money is paid, here its YOU. so your details will be required to be filled in.
But while taking transfer, the payee will be the company to whom the amount has to be transferred, right??? Im too confused... If i am claiming the PF amount, then the payee is me, but im not claiming, im getting it transferred from one company to another one....
I am not clear...
THE PAYEE DETAIL IS REQUIRED IN PART WHICH HAS TO BE FILLED BY PRESENT EMPLOYER. HENCE THERE IS NO ROOM FOR CONFUSION
ok, now im releived... thank u so much Mr.Abhijit.
CAclubindia
