Dear All, Is it possible to use a common PF code for two different agencies having same proprietor. Regards, Jaspal
From India, Mumbai
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13From India, Mumbai
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Yes Jaspal It can be. You have to prepare the consolidated Form 5 Form 10 and Consolidated Voucher for remitting the same.
From India, Kumbakonam
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From India, Kumbakonam
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Dear Bhaskar is it possible if agencies in different name? if yes..Please brief this some more....
From India, Tiruchchirappalli
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From India, Tiruchchirappalli
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Dear Jaspal,
It is not possible since they have different agencies where right from the registration process, TIN, sales tax, and service tax are different. Additionally, when IT returns are filed, the salary heads distributed will be shown separately for each agency.
From India, Mumbai
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It is not possible since they have different agencies where right from the registration process, TIN, sales tax, and service tax are different. Additionally, when IT returns are filed, the salary heads distributed will be shown separately for each agency.
From India, Mumbai
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RE: P.F.Code sir, If agencies are different (though two agencies belong to same person) , they have to obtain coverage of P.F. separately. D.Gurumurthy LL.HR & IR consultant
From India, Hyderabad
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From India, Hyderabad
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For a group of companies, it can be the same even though they have branches all over the country. However, if they are registered under different names, then separate PF Codes, ESI Codes, Sales Tax, Service Tax, and other registrations are required.
From India, Kumbakonam
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From India, Kumbakonam
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Dear Bhaskar,
Even though it is a group company, we still need to obtain separate codes for PF and ESI for each respective company. Additionally, if a company has branches nationwide, they must acquire separate sub-codes for each respective state.
For example, Reliance is a group company with the same proprietor or CEO. However, each unit under it has different ESI/PF codes and sub-codes for their respective states.
From India, Mumbai
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Even though it is a group company, we still need to obtain separate codes for PF and ESI for each respective company. Additionally, if a company has branches nationwide, they must acquire separate sub-codes for each respective state.
For example, Reliance is a group company with the same proprietor or CEO. However, each unit under it has different ESI/PF codes and sub-codes for their respective states.
From India, Mumbai
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Dear Kumar,
If these are two different entities, having different names, payroll, registration, P&L account, IT returns, etc., even if under the same owner, it is better to have different PF Employer codes for obvious reasons.
Sincerely
From India, Bangalore
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If these are two different entities, having different names, payroll, registration, P&L account, IT returns, etc., even if under the same owner, it is better to have different PF Employer codes for obvious reasons.
Sincerely
From India, Bangalore
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One can have the same code number for two establishments if they are situated in the same region, or even if they are situated in different regions, as long as compliance is made at one place. It is always advisable to have different code numbers for the benefits of employees, particularly for the sake of Pensionary benefits, etc.
CHANDOK AK
RPFC (Retd.)
www.akchandok.com
From India, Chandigarh
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CHANDOK AK
RPFC (Retd.)
www.akchandok.com
From India, Chandigarh
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