Closure of gratuity trust

Vee kay kapoor (Querist) 13 December 2015 This query is : Resolved
Whether NOC from Income tax department received for closure of Group Gratuity scheme A/c with LIC OF INDIA can be used for dissolution of irrevocable gratuity trust of a statutory body which has been dissolved by an act of parliament and has paid all Gratuity dues to its members. Kindly clarify.

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Kumar Doab (Expert) 13 December 2015
The establishment can engage an able counsel for it.

Submit NOC to LIC of India.

Rajendra K Goyal (Expert) 13 December 2015
Engage the services of local consultant on the subject.

K.S.Srinivas (Expert) 16 December 2015
Consult a Tax Consultant.

T. Kalaiselvan, Advocate (Expert) 24 December 2015
As suggested by experts, you may consult a local consultant and proceed as per his/her advise.

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