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Sir, Please suggest now how to apply for surrender of gratuity/policy and get the noc from IT Dept.

31 December 2022

As per the topic, we are a company, our company has wounding-up/ closed or discontinue business, now we have gratuity trust account which now to be withdraw but there is require NOC from income tax department for withdrawal procedure of such gratuity.

So Please suggest us that, how to apply for surrender and get NOC from income tax department. and from which commissioner will issue this NOC.

Thanks

Please need your valuable guidance

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1 Replies

Sanjay (hhgh) (0 Points)
Replied 31 December 2022

To apply for a No Objection Certificate (NOC) from the Income Tax Department to withdraw the gratuity trust account balance, you will need to follow the steps below:

Contact the Income Tax Department and obtain the necessary forms and instructions for applying for a NOC. You can do this by visiting the Income Tax Department's website or contacting the department's customer care center.
Fill out the application form for a NOC. You will need to provide information about your company, including its name, address, and tax identification number. You will also need to provide details about the gratuity trust account, including its balance and the purpose for which you are seeking a NOC.
Submit the completed application form along with any required documentation to the Income Tax Department. This may include documents such as a copy of your company's articles of association, balance sheets, and tax returns.
Wait for the Income Tax Department to process your application. The department will review your application and determine whether to issue a NOC. If your application is approved, you will receive a NOC from the department.