Waiver Interest Letter
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Search Result For "Waiver Interest Letter" - Page 1
Interest and damages may be waived by the CPFC or any other person authorized by him for conducting an inquiry. As the recovery provision states that before issuing a recovery notice or assessment, the employer should be given a reasonable opportunity to be hear...
If waiver was allowed, I think every defaulter would go for it. You didn't pay on time, there is no excuse. Administrative default is your fault, right?
Dear Sunnydays,There is no waiver of PF subscription or interest, damages, etc. It is submitted that PF dues should be paid by filling up different challans as applicable. In your case, you will have to pay 37% interest on the due amount if it exceeds 6 months. ...
Hello,A newly set-up company, due to purely administrative/operational reasons, could not deposit the dues on time for the first six months. After these months, the dues have been paid religiously on time to date. The company also happens to be a respected brand...
"WAIVER" is the discretionary power vested with the authorities, which will be exercised when the defaulting party submits proof to the satisfaction of the authorities. The aggrieved can approach the appropriate forum for a remedy.
Request for information - Can anyone send me the case law details on the waiver of interest charged for EPF delayed payment from the actual date of eligibility till the actual date of payment to the EPF department?We started our company in 2001 as a private limi...
Our company operates in the service industry across India with multiple branches, and our permanent employee count stands at 40\. In addition to this, we have two contract employees - one full-time and the other part-time. We are seeking employment contracts for...
The proviso to section 14B says that:"Provided further that the Central Board may reduce or waive the damages levied under this section in relation to an establishment which is a sick industrial company and in respect of which a scheme for rehabilitation has bee...
Thank you so much, Mr. Madhu TK, for your timely reply. Should we approach the jurisdictional office, requesting them to reduce the PD? If the jurisdictional officer refuses to reduce the PD, should we then approach the Central Board?
If you are a unit declared as sick, there will be available a scheme of rehabilitation by BIFR. You can submit these papers before the Assistant PF Commissioner at the time of your hearing (under 14B) on the scheduled day, and he will refer the same to the Centr...