superannuation trust audit
This query is : Resolved
Tejashwini
(Querist)
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
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
S.Srinivasaraghavan
(Expert)
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.
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.
S.Srinivasaraghavan
(Expert)
03 October 2008
The question may be clarified.
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