Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Tax deduction reporting for approved superannuation fund repayments requires trustee statements and prescribed verification. Trustees of an approved superannuation fund must, within two months from the end of the financial year, send a statement to the Assessing Officer when employer contributions and interest are repaid to an employee during life. The statement must specify the fund, employee details, contribution period, amount repaid, average tax deduction rate for the preceding three years, and tax deducted on repayment, together with the prescribed verification.
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.
Tax deduction reporting for approved superannuation fund repayments requires trustee statements and prescribed verification.
Trustees of an approved superannuation fund must, within two months from the end of the financial year, send a statement to the Assessing Officer when employer contributions and interest are repaid to an employee during life. The statement must specify the fund, employee details, contribution period, amount repaid, average tax deduction rate for the preceding three years, and tax deducted on repayment, together with the prescribed verification.
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