NATURE, OBJECTIVES, CONDITIONS AND APPROVAL PROCESS OF TRUST SET UP FOR BENEFIT OF EMPLOYEES

NATURE, OBJECTIVES, CONDITIONS AND APPROVAL PROCESS OF TRUST SET UP FOR BENEFIT OF EMPLOYEES https://www.taxtmi.com/article/detailed?id=11394 Describes statutory nature, eligibility and approval mechanics for Recognised Provident Funds, Approved Superannuation Funds and Approved Gratuity Funds: each must be an irrevocable trust connected with an Indian trade, maintain prescribed documentation, meet employee residency thresholds, limit purposes to retirement, annuity or gratuity provision and pay benefits in India; trustees apply for approval and must report alterations, while employer contributions are deductible subject to tax treatment of excess contributions, interest credits and repayments. en-us Fri, 12 May 2023 12:12:08 +0530 Fri, 12 May 2023 12:12:08 +0530 TaxTMI RSS Generator NATURE, OBJECTIVES, CONDITIONS AND APPROVAL PROCESS OF TRUST SET UP FOR BENEFIT OF EMPLOYEES https://www.taxtmi.com/article/detailed?id=11394 Describes statutory nature, eligibility and approval mechanics for Recognised Provident Funds, Approved Superannuation Funds and Approved Gratuity Funds: each must be an irrevocable trust connected with an Indian trade, maintain prescribed documentation, meet employee residency thresholds, limit purposes to retirement, annuity or gratuity provision and pay benefits in India; trustees apply for approval and must report alterations, while employer contributions are deductible subject to tax treatment of excess contributions, interest credits and repayments. Articles Income Tax Fri, 12 May 2023 12:12:08 +0530 https://www.taxtmi.com/article/detailed?id=11394