Income-tax Rules, 2026

Rule 304Admission of directors to a fund

Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026

A director of a company, as defined in section 2(20) of the Companies Act, 2013 (18 of 2013), may only receive benefits from the fund, 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.

Referenced by

Rule 301 Definitions for purposes of rules 302 to 315