Rule 320: Where the employer is a company as defined in section 2
Is rule Income-tax Act, 2025 ke provisions ko implement karne ke liye banaya gaya hai. Isme where the employer is a company as defined in section 2 ki vidhi aur sharten samjhai gayi hain.
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Bare law
Rule 320 - Where the employer is a company as defined in section 2
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.
Ordinary annual contributions.
Rule breakdown
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 mo
Ordinary annual contributions.
Key takeaways
Legal Provision
Yeh rule section 2(20) ke under delegated legislation hai. Act ke relevant provisions ke saath iska alignment hona zaroori hai.
- section 2(20) ke under yeh rule framed hai
- Amendment time to time ho sakte hain
Penalty Risk
Non-compliance ke under penalty apply ho sakti hai.
- Penalty amount case-by-case depend karta hai
- Early compliance se penalty avoid ho sakti hai
Professional Advice
Complex provisions ko samajhne ke liye apne CA/CS se consult karein.
- CA se help lene se mistakes kam ho jati hain
- Accurate filing ke liye expert guidance zaroori hai
FAQs
Is rule section 2(20) ke under kaise aata hai?
Is rule Income-tax Act, 2025 ke section 2(20) ke under delegated legislation hai aur Income-tax Rules, 2026 ka part hai.
Is rule kab se applicable hoga?
Is rule 1st April, 2026 se applicable hoga. Jab tak koi amendment nahi aati, yeh current form mein valid rahegi.
Non-compliance ka kya impact hai?
Rule ke provisions follow nahi karne par penalty, disallowance of claim, ya rejection ho sakta hai. Compliance maintain karna better hai.
Yeh rule section 2(20) ke liye kya hai?
Yeh rule section 2(20) ke provisions ke under delegated rules banati hai jo Income-tax Rules, 2026 ke part hain.