Excesmption on gratutity trust fund

This query is : Resolved

Ashish Kumar Pandey (Querist)
Follow

24 March 2015 dear Sir,

please confirm:- if company make a gratutity trust fund and paid to annual premium to a insurance company after that company generate the interest on his investment, it is taxable to income tax or not and also tell me registration of grattity trust with income tax compulsory or not and if compulsory then return of income tax filed by company or not.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 March 2015 Registration of gratuity trust with income tax is compulsory. Then only the interest received is exempted. Since interest income from recognized insurance company is exempted no need to file return.

Rupesh Jain

Rupesh Jain (Expert)
Follow

24 March 2015 if you registered your trust with incometax deptt. then your trust income will exempt other wise taxable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

zafar chandwale

Partha Pratim Sen

Akash Sawant

John Ravindran Moses

Shashank S Gore

Subscribe Now

Excesmption on gratutity trust fund

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY