Form 41, Download Income Tax Form 41 in PDF Format

FORM NO. 41 for Form for Maintaining Accounts of Subscribers. FORM NO. 41 is relevant for maintaining accounts of subscribers to a recognized provident fund; Accounts can be maintained with the help of a computer or any other machine.

(1) The accounts of a provident fund shall be prepared at intervals of not more than twelve months.

(2) An account shall be maintained for each subscriber to the fund and it shall include the particulars shown in Form No. 41.

(3) Where the accounts of a provident fund are kept outside India, certified copies of the accounts shall be supplied not later than the 15th June in each year to a local representative of the employer in India :

Provided that the Assessing Officer may in any year appoint a date later than the 15th June as the date by which the certified copies shall be supplied.

(4) An abstract for the financial year or other applicable accounting period of the individual account of each employee participating in a provident fund shall be furnished by the trustees to the Assessing Officer of the area in which the accounts of the fund are kept or if the accounts are kept outside India, to the Assessing Officer of the area in which the local headquarters of the employer are situated, not later than the fifteenth day of June in each year or any other subsequent date fixed by the Assessing Officer. It shall be in the form prescribed in sub-rule (2) of this rule, but shall show only the totals of the various columns thereof for the financial year or other accounting period. It shall also give an account of any temporary withdrawals by the employee during the year and of the repayment thereof. Similar abstract shall also be furnished in respect of other employees participating in a provident fund who come within the purview of sub-rule (1) of rule 75.

(5) The account to be made under the provisions of sub-rule (1) of rule 11 of Part A of the Fourth Schedule shall show in respect of each employee (i) the total salary paid to the employee during the period of his participation in the provident fund, (ii) the total contributions, (iii) the total interest which has accrued thereon, and (iv) so far as may be, the percentage of the employee’s salary in accordance with which contributions have been made by the employer and employee.

(6) Every employer shall, as soon as possible, after the close of each financial year, send to each member, a statement of his account in the fund showing the opening balance at the beginning of the period, amount contributed during the year, the total amount of interest credited at the end of the period or debited in the period and the closing balance at the end of the period.

FORM NO. 41

[See rule 74]
Form for maintaining accounts of subscribers to a recognised provident fund
Name

Date of joining fund
Account closed
Date
Paid to employee
Lapsed to employer or to fund
Recovery by employer

Contributions

Year and month

Salary

Amount transferred from any other recognised provident fund

Contributions by employee

Regular contributions by employer

Employer’s contribution of a contingent nature

Total of cols. 3, 4, 5 and 6

Total interest on col. 7

1

2

3

4

5

6

7

8 *

Balance brought forward
April
May
June
July
August
September
October
November
December
January
February
March
Total
Adjustment on account of temporary withdrawals account (columns 9, 10 and 11 only)
Adjustment on account of non-repayable withdrawals account (columns 12, 13 and 14)
Total carried over

 

Exempt

Not exempt

Year and month

Contribution by employer not exceeding 10% of salary for the year

Interest on sums in col. 7 not in excess of 1/3rd of salary for the year and allowed at the rate not exceeding … %

Employee’s contribution not exceeding 1/5th of salary for the year or Rs. 8,000, whichever is less

5 + 6-9

8-10

4-11

Additions to total income (cols. 12 and 13)

Amount on which abatement is to be allowed (col. 11)

Remarks

1

9

10

11

12

13

14

15

16

17

Balance brought forward
April
May
June
July
August
September
October
November
December
January
February
March
Total
Adjustment on account of temporary withdrawals account (columns 9, 10 and 11 only)
Adjustment on account of non-repayable withdrawal account (columns 12, 13 and 14)
Total carried over

 

NON-REPAYABLE WITHDRAWALS ACCOUNT TEMPORARY WITHDRAWALS ACCOUNT

Amount

Advance

Repayment

Interest

Balance brought forward
AprilApril
MayMay
JuneJune
JulyJuly
August August
September September
October October
NovemberNovember
DecemberDecember
JanuaryJanuary
FebruaryFebruary
MarchMarch
TotalBalance carried over

 

 

 

This movie requires Flash Player 9

Leave a Reply

Your email address will not be published. Required fields are marked *