Income-tax Rules Archives - Page 9 of 50

Career Contact

March 28, 2018

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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 […]

March 28, 2018

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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

Published by Law@HostBooks at March 28, 2018

Categories

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 […]

Our Associations