superannuation trust audit

This query is : Resolved 

02 February 2008 Hello,

1)I want to know the laws applicable to the above.

2) when the Superannuation Fund (SF) is transferred from a company located outside india to a company located in india how is the treatement given for gain on foreign currency

03 February 2008 A super annuation fund can be established by a trust deed. The rules of the trust should be in accordance with the Income tax Rules 82 to 97 relating to approved super annuation funds, and part B of Schedule IV, in order that it gets approved by IT authorities.

Your second question is not clear- you mean transfer of contribution or fund?
Please note the fund has to be established in India to qualify for approval.

03 October 2008 The question may be clarified.


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