Income-tax Rules, 2026

Rule 323Assigning or creating a charge on beneficial interest in a gratuity fund

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

If an employee assigns or creates a charge upon his beneficial interest in a gratuity 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 the date of receipt of the notice, the consideration received for such assignment or charge shall be deemed to be income received by him in the tax year in which the fact became known to the Assessing Officer and shall be assessed accordingly.

Referenced by

Rule 316 Definitions for purposes of rules 317 to 329