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Rule 82 of Income Tax Rules 1962: Definitions

Rule 82 : Definitions
(Part XIII : Approved Superannuation Funds)

In this Part—
(1) "beneficiary" means a person referred to in clause (b) of rule 3 of Part B of the Fourth Schedule for whom provision of annuity is made;
(2) "fund" means a superannuation fund or a part of a superannuation fund which includes a fund, by whatever name called, established or constituted with a sole purpose of making payment of pension or family pension by the employer to his employees; and

(3) "trust" means the trust under which the superannuation fund is established and "trustee" means a trustee thereof.

Extra Notes for Readers

Check at Income Tax Dept. official site for latest version of the Rule.

This page was created/last updated on 17th October 2016.