Income-tax Act, 1961
Fourth Schedule - Recognised Provident Funds
THE FOURTH SCHEDULEPART ARECOGNISED PROVIDENT FUNDS[See sections 2(38), 10(12), 10(25), 36(1)(iv), 87(1)(d), 111, 192(4)]Application of Part.1. This Part shall not apply to any provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies.Definitions.2. In this Part, unless the context otherwise requires,-
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| (a) | - | "employer" means any person who maintains a provident fund for the benefit of his or its employees, being- |
| (i) | - | a Hindu undivided family, company, firm or other association of persons, or |
| (ii) | - | an individual engaged in a business or profession the profits and gains whereof are assessable to income-tax under the head "Profits and gains of business or profession"; |
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