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)
Trustee residency and appointment conditions govern approved gratuity funds, including minimum trustee strength and approval for company trustees. Approved gratuity funds must have at least two trustees, and a company cannot be appointed as trustee without prior approval of the Chief Commissioner or Commissioner. Trustees must be resident in India, and any trustee who permanently leaves India vacates office.
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.
Trustee residency and appointment conditions govern approved gratuity funds, including minimum trustee strength and approval for company trustees.
Approved gratuity funds must have at least two trustees, and a company cannot be appointed as trustee without prior approval of the Chief Commissioner or Commissioner. Trustees must be resident in India, and any trustee who permanently leaves India vacates office.
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