Distinguish between Regonised provident Fund and Unrecognised provident fund.
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recognised provident fund is a provident fund which is recognised by Commissioner of Income Tax. a President fund which is not recognised by Commissioner of Income Tax is known as unrecognised provident fund this provident fund may be operated in the private establishments
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recognised provident fund is a provident fund which is recognised by Commissioner of Income Tax. a President fund which is not recognised by Commissioner of Income Tax is known as unrecognised provident fund this provident fund may be operated in the private establishments
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