https://www.taxtmi.com/acts?id=53538 Approval of a fund for the welfare of employees and their dependents requires the fund to be established as a trust under a trust deed and financed by employees' periodical subscriptions. The application must be made in Form No. 180 before the jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax with the prescribed documents. Approval may be granted only if all conditions are satisfied, for a period not exceeding three tax years, and rejection must be reasoned and preceded by a reasonable opportunity of being heard. en-us Fri, 20 Mar 2026 18:43:14 +0530 Wed, 08 Apr 2026 15:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53538 Approval of a fund for the welfare of employees and their dependents requires the fund to be established as a trust under a trust deed and financed by employees' periodical subscriptions. The application must be made in Form No. 180 before the jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax with the prescribed documents. Approval may be granted only if all conditions are satisfied, for a period not exceeding three tax years, and rejection must be reasoned and preceded by a reasonable opportunity of being heard. Act-Rules Income Tax Fri, 20 Mar 2026 18:43:14 +0530 https://www.taxtmi.com/acts?id=53538