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PF not paid.

05 January 2022

if the PF is not paid for the month of April and May 2020 and also the salary is not paid.

what will be the implications accounting and complaince point of view.

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4 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 05 January 2022

I left off my PF. I dont understand why PF is paid which one cant even pay their electricity bill. Put it as outstanding PF account.

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yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 05 January 2022

This PF is for the governments to live up on us permanently like parasites. They reinvest this money instead printing new money.

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 05 January 2022

That is why I am planning to start a BPO company for rich overseas clients. Politicians

CA Puja Sharma (Chartered Accountant) (4972 Points)
Replied 05 January 2022

The PF outstanding liability for the year ending March 2021 will not be allowed as a deduction to the business. The liability will be allowed only if it is paid before the due date of filing of return.