Rule – 97, Appeal
March 28, 2018
Rule – 99, Establishment of fund and trust
March 28, 2018

Rule – 98, Definitions

98. In this Part—

(a) “beneficiary” means a person referred to in clause (b) of rule 3 of Part C of the Fourth Schedule for whom provision of gratuity is made;
(b) “fund” means a “gratuity fund”; and
(c) “trust” means the trust under which the fund is established and “trustee” means a trustee thereof.

Reference: www.incometaxindia.gov.in

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