Exempted Trust under EPFO may regularise their
status under Amnesty Scheme, 2026, says the retirement fund body
The Employees’ Provident
Fund Organisation (EPFO), on Sunday, said the establishments operating exempted
provident fund (PF) trusts can regularise their status under the Amnesty
Scheme, 2026, over next months starting from June 29,2026.
The scheme applies to
establishments that have been operating a PF Trust recognized under the Income
Tax Act, 1961, but do not possess a formal exemption notification from the
appropriate government, central government or state government, as the case may
be, it said.
Establishments seeking retrospective trust
regularization which have already started compliance as an un-exempted
establishment or are opting for prospective compliance as an un-exempted
establishment will be eligible under the scheme.
Even establishments that choose to continue
operating as exempted establishments under the Code of Social Security, 2020
can seek retrospective trust regularization under the amnesty scheme.
EPFO has introduced the Amnesty Scheme, 2026,
providing a one-time opportunity for establishments operating exempted
Provident Fund (PF) Trusts recognised under the Income Tax Act, 1961 to
regularise their status.
Recognition under the Income Tax Act, 2025 shall
be available only to provident funds that have obtained exemption under Section
17 of Employees' Provident Fund & Misc. Provisions Act, 1952. Amnesty shall
be granted to such establishments retrospectively under Section 17 of the Act
and Section 143 of the Code on Social Security, 2020
Establishments seeking regularisation will be
eligible for a waiver of minimum employee headcount and corpus size under the
Code on Social Security, 2020 while pending assessments for dues, damages, and
interest will be withdrawn, provided member accounts received interest and
contributions at par with or better than statutory rates.
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