RULE 317 INCOME-TAX RULES 2026 Conditions regarding trust and trustees. 317. (1) The fund and the trust shall be established in India. (2) The trust shall have at least two trustees provided that a company as defined in section 2(20) of the Companies Act, 2013 (18 of 2013) shall not be appointed as a trustee without… Read More »
Income Tax Act 2025 Income Tax Act 2025 is applicable from 1st April 2026 in India. Section 1 Income Tax Act 2025 Short title, extent and commencement. Section 2 Income Tax Act 2025 Definitions Section 3 Income Tax Act 2025 Definition of tax year Section 4 Income Tax Act 2025 BASIS OF CHARGE Section 5… Read More »
RULE 316 INCOME-TAX RULES 2026 Definitions for purposes of rules 317 to 329. 316. For the purposes of rules 317 to 329, the expressions- (a) “approving authority” means the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner; (b) “beneficiary” means a person referred to in paragraph 3(b) of Part B of Schedule XI… Read More »
RULE 315 INCOME-TAX RULES 2026 Appeal under paragraph 9(1) of Part B of Schedule XI to the Act in case of superannuation fund. 315. An appeal under paragraph 9(1) of Part B of Schedule XI to the Act shall be made in Form No. 187 and shall be verified in the manner indicated therein and shall… Read More »
RULE 314 INCOME-TAX RULES 2026 Amendment of rules, etc., of fund. 314. No alteration in the rules, constitution, objects or conditions of an approved fund shall be made without the prior approval of the approving authority. ***************************************************************** Your Queries Solved rule 314 of income tax rules 2026, Read more Income Tax Act 2025 INCOME TAX RULES… Read More »
RULE 313 INCOME-TAX RULES 2026 Application of approval. 313. Every application for approval of a Superannuation fund under paragraph 4(1) of Part B of Schedule XI to the Act shall be made in Form No. 188 and shall be verified in the manner indicated therein. ***************************************************************** Your Queries Solved rule 313 of income tax rules 2026,… Read More »
RULE 312 INCOME-TAX RULES 2026 Arrangements for winding up, etc., of fund. 312. Any arrangements for the winding up of the fund or for its amalgamation with another fund shall be subject to the prior approval of, and subject to such conditions as may be imposed by the approving authority. ***************************************************************** Your Queries Solved rule 312… Read More »
RULE 311 INCOME-TAX RULES 2026 Arrangements on winding up, etc., of business. 311. When the business of the employer is to be closed or discontinued, the trustees shall, with the prior approval of and subject to the conditions imposed by the approving authority, make suitable arrangements for providing annuities to current employees, or to their widows,… Read More »
RULE 310 INCOME-TAX RULES 2026 Penalty, where employee assigns or charges interest in fund. 310. Where an employee assigns or creates a charge upon his beneficial interest in a fund, the Assessing Officer shall give notice to the employee that if he does not secure the cancellation of the assignment or charge within two months of… Read More »
RULE 309 INCOME-TAX RULES 2026 Beneficiary not to have any interest in insurance and employer not to have any interest in moneys of fund. 309. (1) No beneficiary shall have any interest in any insurance policy taken out by the trustees under the rules of a fund and he shall be entitled only to an annuity… Read More »