https://www.taxtmi.com/article/detailed?id=6140 The Central Government will establish a Senior Citizen Welfare Fund funded by transfers of specified unclaimed and inoperative account balances, small savings and PPF accounts and other prescribed sources; the Fund's object is to provide welfare for senior citizens and to be administered by an Inter Ministerial Committee under rules notified by the Government. Institutions must notify unclaimed amounts, transfer them after prescribed periods, and remain liable to consider and pay valid claims with interest within a specified time; amounts unclaimed for the extended statutory term shall escheat to the Central Government subject to limited refund discretion and audit and reporting requirements. en-us Wed, 04 Mar 2015 06:00:31 +0530 Wed, 04 Mar 2015 06:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6140 The Central Government will establish a Senior Citizen Welfare Fund funded by transfers of specified unclaimed and inoperative account balances, small savings and PPF accounts and other prescribed sources; the Fund's object is to provide welfare for senior citizens and to be administered by an Inter Ministerial Committee under rules notified by the Government. Institutions must notify unclaimed amounts, transfer them after prescribed periods, and remain liable to consider and pay valid claims with interest within a specified time; amounts unclaimed for the extended statutory term shall escheat to the Central Government subject to limited refund discretion and audit and reporting requirements. Articles Budget - Tax Proposals Wed, 04 Mar 2015 06:00:31 +0530 https://www.taxtmi.com/article/detailed?id=6140