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)
Provident fund nomination rules govern family-based nominations, nominee shares, modification, and validity on receipt by trustees. Nomination under the recognised provident fund rules allows an employee to appoint one or more persons to receive the amount standing to his credit on death, subject to prescribed forms and validity conditions. If more than one nominee is named, the shares must be specified so that the whole amount is covered. Where the employee has a family, nomination must be in favour of family members; if no family exists initially, a later-acquired family invalidates a prior non-family nomination. The nomination may be modified by written notice, and it operates only to the extent valid when received by the trustees.
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.
Provident fund nomination rules govern family-based nominations, nominee shares, modification, and validity on receipt by trustees.
Nomination under the recognised provident fund rules allows an employee to appoint one or more persons to receive the amount standing to his credit on death, subject to prescribed forms and validity conditions. If more than one nominee is named, the shares must be specified so that the whole amount is covered. Where the employee has a family, nomination must be in favour of family members; if no family exists initially, a later-acquired family invalidates a prior non-family nomination. The nomination may be modified by written notice, and it operates only to the extent valid when received by the trustees.
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