Rule – 98, Definitions

98. In this Part—

(a) “beneficiary” means a person referred to in clause (b) of rule 3 of Part C of the Fourth Schedule for whom provision of gratuity is made;
(b) “fund” means a “gratuity fund”; and
(c) “trust” means the trust under which the fund is established and “trustee” means a trustee thereof.

Reference: www.incometaxindia.gov.in

Share on Facebook

Post on X

Save