March 28, 2018

Rule – 97, Appeal

97. An appeal under sub-rule (1) of rule 8 of Part B of the Fourth Schedule shall be made in Form No. 43 and shall be verified in the manner […]
March 28, 2018

Rule – 96, Amendment of rules, etc., of fund

96. No alteration in the rules, constitution, objects or conditions of an approved fund shall be made without the prior approval of the 31[Chief Commissioner or Commissioner. Reference: www.incometaxindia.gov.in
March 28, 2018

Rule – 95, Application for approval

95. (1) The application for approval of a fund or part of a fund under sub-rule (1) of rule 4 of Part B of the Fourth Schedule shall contain the […]
March 28, 2018

Rule – 94, Arrangements for winding up, etc., of fund

94. Any arrangements for the winding up of the fund or for its amalgamation with another fund shall be subject to the prior approval of, and subject to such conditions […]
March 28, 2018

Rule – 93, Arrangements on winding up, etc., of business

93. Where the employer’s trade or undertaking is to be wound up or discontinued, the trustees shall, with the prior approval of, and subject to such conditions as may be […]
March 28, 2018

Rule – 92, Penalty if employee assigns or charges interest in fund

92. If an employee assigns or creates a charge upon his beneficial interest in a fund, the 27[Assessing Officer] shall give notice to the employee that if he does not […]
March 28, 2018

Rule – 91, Beneficiary not to have any interest in insurance and employer not to have any interest in fund’s moneys

91. (1) No beneficiary shall have any interest in any insurance policy taken out by the trustees under the rules of a fund and he shall be entitled only to […]
March 28, 2018

Rule – 90, Commutation of annuity

90. Any payment in commutation of annuity shall not exceed— (a)   in a case where the employee receives any gratuity, the commuted value of 25[one-third] of the annuity which he is […]
March 28, 2018

Rule – 89, Scheme of insurance or annuity

89. For the purpose of providing the annuities for the beneficiaries, the trustees shall— (i)   enter into a scheme of insurance with the Life Insurance Corporation established under the Life […]
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