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 withdrawal rules permit advances for medical, housing, education, hardship and other specified employee needs. Withdrawals from a recognised provident fund may be permitted by trustees for specified purposes including illness, higher education, travel abroad, marriage or funeral expenses, housing needs, repayment of a housing loan, life insurance premia, legal proceedings connected with official duty, damage from natural calamity or riot, and certain hardship situations affecting lower-paid employees. The rule also sets conditions for housing withdrawals and defines family as dependent wife, children, parents, sisters, and minor brothers.
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 withdrawal rules permit advances for medical, housing, education, hardship and other specified employee needs.
Withdrawals from a recognised provident fund may be permitted by trustees for specified purposes including illness, higher education, travel abroad, marriage or funeral expenses, housing needs, repayment of a housing loan, life insurance premia, legal proceedings connected with official duty, damage from natural calamity or riot, and certain hardship situations affecting lower-paid employees. The rule also sets conditions for housing withdrawals and defines family as dependent wife, children, parents, sisters, and minor brothers.
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