March 28, 2018

Rule – 88, Initial contributions

1888. Subject to any condition which the Board may think fit to specify under clause (iv) of sub-section (1) of section 36, the amount to be allowed as a deduction […]
March 28, 2018

Rule – 87, Ordinary annual contributions

1887. The ordinary annual contribution by the employer to a fund in respect of any particular employee shall not exceed 19[twenty-seven] per cent of his salary for each year as […]
March 28, 2018

Rule – 86, Admission of directors to a fund

86. Where the employer is a company17 as defined in clause (i) of sub-section (1) of section 3 of the Companies Act, 1956 (1 of 1956), a director of the company may […]
March 28, 2018

Rule – 85, Investment of fund moneys

85. All moneys contributed to the fund after the 31st day of October, 1974, or received or accruing after that date by way of interest or otherwise to the fund may […]
March 28, 2018

Rule – 84, Conditions regarding trustees

84. (1) The trust shall have at least two trustees, provided that a company [as defined in clause (i) of sub-section (1) of section 313 of the Companies Act, 1956 […]
March 28, 2018

Rule – 83, Establishment of fund and trust

83. The fund and the trust shall be established in India. Reference: www.incometaxindia.gov.in
March 28, 2018

Rule – 82, Definitions

82. In this Part— (1)   “beneficiary” means a person referred to in clause (b) of rule 3 of Part B of the Fourth Schedule for whom provision of annuity is […]
March 28, 2018

Rule – 81, Appeal

81. An appeal under sub-rule (1) of rule 13 of Part A of the Fourth Schedule shall be in Form No. 42 and shall be verified in the manner indicated […]
March 28, 2018

Rule – 80, Exemption from tax when recognition withdrawn

80. If the 9[Chief Commissioner or Commissioner] withdraws recognition from a provident fund, the balance to the credit of each employee at the end of the financial year prior to the date […]
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