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 gratuity fund investment rules allow deposits, bank accounts, or group gratuity scheme contributions for eligible moneys. Approved gratuity fund moneys contributed after 31 October 1974, and income received or accrued after that date, may be deposited in a Post Office Savings Bank Account in India, or in a current or savings account with any scheduled bank, or utilised for making contributions under a Group Gratuity Scheme with the Life Insurance Corporation of India or any other insurer. Any balance not so deposited or utilised must be invested in the manner specified for investible moneys under rule 67(2), meaning the fund moneys remaining after such deposit or utilisation.
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 gratuity fund investment rules allow deposits, bank accounts, or group gratuity scheme contributions for eligible moneys.
Approved gratuity fund moneys contributed after 31 October 1974, and income received or accrued after that date, may be deposited in a Post Office Savings Bank Account in India, or in a current or savings account with any scheduled bank, or utilised for making contributions under a Group Gratuity Scheme with the Life Insurance Corporation of India or any other insurer. Any balance not so deposited or utilised must be invested in the manner specified for investible moneys under rule 67(2), meaning the fund moneys remaining after such deposit or utilisation.
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