Hi All,
Request your opinion on below mentioned issue.
Employee had taken PF advance earlier for House Construction and now we are in receipt for another request asking for Repayment of Loan for the new flat purchase (This is separate from the one which has been constructed)- we are stuck as to whether the PF advance can be released only for repaying the loan for the earlier property or it can also be availed for the new flat purchase as requested by the Employee.
Request your kind suggestion.
Regards,
Keshav Reddy
Request your opinion on below mentioned issue.
Employee had taken PF advance earlier for House Construction and now we are in receipt for another request asking for Repayment of Loan for the new flat purchase (This is separate from the one which has been constructed)- we are stuck as to whether the PF advance can be released only for repaying the loan for the earlier property or it can also be availed for the new flat purchase as requested by the Employee.
Request your kind suggestion.
Regards,
Keshav Reddy