Dear Folks
Our company has received letter from PF office for levy of damages under Section 14-B. We have received Code Allotment letter on 8th May 1998 stating to deposit amount within 30 days from the date of letter.
1) Coverage given from Oct 1997, as we complete 20 employees during that month
2) Amount paid on 26/05/1998, after we got Code allotment letter on 8th May 1998
3) Interest demand u/s 7 Rs- 11714
4) Damages u/s 14B Rs. 34565/-
As we have made payment of PF Dues from Oct 1997 within 30 days from Code allotment are we still liable to pay interst & Liquidity damages ??
We have again recieved notice from PF Commissioner.
Please advise URGENTLY!!
Regards
Anuradha
Our company has received letter from PF office for levy of damages under Section 14-B. We have received Code Allotment letter on 8th May 1998 stating to deposit amount within 30 days from the date of letter.
1) Coverage given from Oct 1997, as we complete 20 employees during that month
2) Amount paid on 26/05/1998, after we got Code allotment letter on 8th May 1998
3) Interest demand u/s 7 Rs- 11714
4) Damages u/s 14B Rs. 34565/-
As we have made payment of PF Dues from Oct 1997 within 30 days from Code allotment are we still liable to pay interst & Liquidity damages ??
We have again recieved notice from PF Commissioner.
Please advise URGENTLY!!
Regards
Anuradha