Books of accounts for gratuity fund trust
This query is : Resolved
SHYAM KRISHNAN K
(Querist)
24 December 2024
Our company has formed a gratuity fund trust for managing gratuity payment of employees, part of this our company has deposited an amount per month to the trust and the trust subsequently deposit the amount to the LIC, when we required to pay gratuity the lic transfer the fund to the trust and trust will pay the amount to employee. The trust has got approval from income tax part c of fourth schedule of income tax. In this scenario how we will maintain the books of accounts and is the trust has mandate to conduct audit,
CA R SEETHARAMAN
(Expert)
24 December 2024
See the link.
https://taxguru.in/corporate-law/yearly-compliance-applicable-group-gratuity-trust.html
https://taxguru.in/corporate-law/yearly-compliance-applicable-group-gratuity-trust.html
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