10(25)(III)

10 January 2021

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

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3 Replies

Kapadia Pravin (17264 Points)
Replied 11 January 2021

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

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 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)
Replied 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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