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10(25)(III)

230 views 3 replies

Vrinda Arora

1 Points Posted on 10 January 2021

is there any limitation of this section where trustees can be held liable for income tax payment on approved superannuation fund?

Replies (3)

Kapadia Pravin

17264 Points Posted on 11 January 2021

The trustees are under obligation to adhere to the income tax provisions.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 11 January 2021

It is exempt for trust if any amount is received from superannuation fund u/s 10(25)(iii)

Rohit Tawari

Student CA IPC / IPCC

37 Points Posted on 11 January 2021

No deduction under S.10 other than S. 10+1) and 10(23C) are allowed to trust. All become part of gross receipt and offered to tax

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