RULE 320 INCOME-TAX RULES 2026
Admission of directors to a fund.
320. Where the employer is a company as defined in section 2(20) of the Companies Act, 2013 (18 of 2013), a director of the company may be admitted to the benefits of the fund only if he is a whole time bona fide employee of the company and does not beneficially own shares in the company carrying more than 5% of the total voting power.
Your Queries Solved
rule 320 of income tax rules 2026,
*****************************************************************
Read more
for more refer income tax website click here
for more refer YouTube Subscribe website click here