https://www.taxtmi.com/acts?id=53575 Where an employee assigns or creates a charge on his beneficial interest in a gratuity fund, the Assessing Officer must issue a notice requiring cancellation; if the employee does not secure cancellation within the prescribed two month period after notice, the consideration for the assignment or charge is deemed to be the employee's income in the tax year when the Assessing Officer became aware and shall be assessed accordingly. en-us Fri, 20 Mar 2026 18:51:19 +0530 Fri, 20 Mar 2026 18:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53575 Where an employee assigns or creates a charge on his beneficial interest in a gratuity fund, the Assessing Officer must issue a notice requiring cancellation; if the employee does not secure cancellation within the prescribed two month period after notice, the consideration for the assignment or charge is deemed to be the employee's income in the tax year when the Assessing Officer became aware and shall be assessed accordingly. Act-Rules Income Tax Fri, 20 Mar 2026 18:51:19 +0530 https://www.taxtmi.com/acts?id=53575