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Recognise provident fund mein employee ka contribution 2.5 lakh Tak exempt hota hai and uske upar taxable hota Hai to Kya ismein 9.5 wale limit bhe applicable hogi means 2.5 lakh par jo interest ayega uska bhe 9.5 % krenge ya fir pura exempt ho jayega

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M/s TP & Co., a firm of Chartered Accountants, has been conducting audit of KSR Ltd. since last 4 years. KSR Ltd. has diversified their business into newer areas during the last year. The senior member of the audit team handed over the standard audit programme of earlier years to the audit assistants and instructed them to follow the same. The assistants are conducting the audit accordingly. Whether the attitude of the audit assistants is justified? Guide them.

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