Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Recognised provident funds: statutory recognition, conditions and tax treatment govern contributions, transfers and trustee obligations. Recognised provident funds must operate under an irrevocable trust with contributions credited to individual employee accounts, meet specified contribution and vesting conditions, and make accumulated balances payable on cessation of employment unless retained under prescribed conditions; recognition is granted or withdrawn by the tax authority subject to rules and transitional provisions. Excess employer contributions and interest above notified rates are taxable in the hands of the employee, employees' contributions are deductible under the relevant deduction provision, trustees must maintain prescribed accounts open to inspection and deduct tax at source where applicable, and transferred balances on recognition are taxed as prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recognised provident funds: statutory recognition, conditions and tax treatment govern contributions, transfers and trustee obligations.
Recognised provident funds must operate under an irrevocable trust with contributions credited to individual employee accounts, meet specified contribution and vesting conditions, and make accumulated balances payable on cessation of employment unless retained under prescribed conditions; recognition is granted or withdrawn by the tax authority subject to rules and transitional provisions. Excess employer contributions and interest above notified rates are taxable in the hands of the employee, employees' contributions are deductible under the relevant deduction provision, trustees must maintain prescribed accounts open to inspection and deduct tax at source where applicable, and transferred balances on recognition are taxed as prescribed.
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