How to keep the money received against Leave Encashment and Gratuity
This query is : Resolved
Deepesh Arora
(Querist)
14 June 2023
Dear Experts, Request you to guide me if there is any requirement as per any law in force on how to keep the money received against Gratuity and Leave Encashment in case of provisions created against leave encashment and Gratuity.
CA R SEETHARAMAN
(Expert)
15 June 2023
Create a trust and register with income tax authority and deposit the amount with LIC under gratuity and leave encashment funds.
Contact LIC they will guide you.
Contact LIC they will guide you.
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