Books of accounts for gratuity fund trust
This query is : Resolved
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,
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Missed TDS
- TDS refund Indemnity Bond
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- DUE DATE FOR ITR FILING
- U/S 194 T
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
