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Section 18 - Code on Social Security Act, 2020
18. Fund to be recognized under Act 43 of 1961.-
For the purposes of the Income-tax Act, 1961, the Provident Fund shall be deemed to be a recognised provident fund within the meaning of clause (38) of section 2 of that Act:
Provided that nothing contained in the said Act shall operate to render ineffective any provision of the Provident Fund Scheme (under which the Provident Fund is established) which is repugnant to any of the provisions of that Act or of the rules made thereunder.
Related Sections
- Section 72: Power of Inspector-cum-facilitator to direct payments to be made
- Section 35: Accidents happening while acting in breach of law, etc
- Section 75: Compensation in case of death of or injury in plantation
- Section 28: All employees to be insured
- Section 104: Penalty for non-payment of cess within the specified time
Related Acts
* Only for reference.