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)
Approved superannuation fund eligibility for directors depends on whole-time employment and limited shareholding. A director of a company may be admitted to the benefits of an approved superannuation fund only if the director is a whole-time bona fide employee and does not beneficially own shares carrying more than five per cent of the total voting power. The rule applies where the employer is a company and sets the conditions for a director's admission to the fund.
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.
Approved superannuation fund eligibility for directors depends on whole-time employment and limited shareholding.
A director of a company may be admitted to the benefits of an approved superannuation fund only if the director is a whole-time bona fide employee and does not beneficially own shares carrying more than five per cent of the total voting power. The rule applies where the employer is a company and sets the conditions for a director's admission to the fund.
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