Dear Sir,
Our Firm “Gratuity
Trust Fund Consultant” is engaged in providing to Consultancy Services to
Public Sector, Private Sector and Multinational Companies for Formation
of Gratuity Trust/Fund as per provisions of the Part C of Fourth Schedule of
Income Tax Act 1961.
The most important tax benefit available to Companies of
such Gratuity Trust/Fund is available under Section 36
(1) (v) of the Income Tax Act 1961, which is not available to
Companies when provision of Gratuity Liability is made in the
Balance Sheet (Refer Section 47A (7) of Income Tax Act 1961).
The details of Consultancy Services offered by us are as under: -
1. Formation of a New Approved Irrevocable Gratuity Trust,
2. Investment of Trust Money as per Income Tax Rules 1962,
3. Vetting of Board Resolutions, Trust Deed, Trust Rules & Application for
Approval from CIT,
4. Vetting of Deed of Variations and Applications required by
Trustees/Companies for Approvals from CIT for Gratuity Trust in terms of Part C
of Schedule IV of Income Tax Act,1961 in following cases: -
a. Change in Name of
Trust,
b. Change in Address
of Trust,
c. Change in
Trustees,
d. Change in
Investment Pattern of Gratuity Funds from 1 Insurer to another
e. Change in Benefit
Formulae for Gratuity Benefits
f. Change in
Retirement Age of Employees
g. Change in Object
of Trust
h. Change in Trust
Rules
i. Approvals
for winding up of Trust due to winding up of the Company
j. Approvals
for Transfer of Fund in Event of Merger or De-merger
5. Advisory for Process, Advantages & Disadvantages for Formation of
Gratuity Trust
6. Advisory for Formation/Restructuring of Gratuity Policy as per Social
Security Code, 2020
7. Consultation about Statutory compliances of The Payment of Gratuity Act,
1972 as per Accounting Standards – 15 (Revised 2005) & IndAS19
8. Advisory for Accounting & Compulsory Gratuity Insurance Options for
Compliance of The Payment of Gratuity Act, 1972 & *Chapter V-Gratuity of
Social Security Code, 2020 (*Date for Implementation yet to be notified)
We have a Team of
following Consultants with Decades of Experiences in their field and present
Major Cities of India for execution of the assignments in timelines stipulated
by our client:-
o Legal
Consultants - For Legal Issues involved in Formation of
Gratuity Trust
o Taxation
Consultants - For Accounting Related Issues of Gratuity Trust
o Income
Tax Consultants - For Documentation of CIT Approval of Gratuity
Trust.
o Investment
Consultants - For Gratuity Trust Money Investment
Advisory.
o Actuarial
Valuation Consultants - For Actuarial Valuation
Reports/Certificates
o Merchant
Bankers Consultants – For Assets Value Certification for
Investment of Gratuity Trust
Support & Liaison
Services : -
We also provide Support
Services for preparation of Inputs for Preparation of Actuarial Valuation
Reports/Certificates of Actuary required by Gratuity Trust of Indian, Multinational
& NBFC Companies required in following events: -
(i). For
Initial Funding Assessment of Gratuity and Leave Encashment Liability by
Trustees,
(ii). For assessment
of Accrued Liability for Gratuity and Leave Liability in following events: -
a. Transfer of
Employees within a Group Company.
b. Amalgamation
of 2 companies
c. De-merger of
company
d. Winding of
Company
(iii). For
Annual Audit of Balance Sheets of Gratuity Trust as per Actuarial valuations
Reports/Certificates are also required by Trustees for compliance of
following Accounting Standards: -
a. For
Compliance Para 120 (l) of AS 15 (Revised 2005)
b. For
Full Compliance Para 120) of AS 15 (Revised 2005)
c. IndAS
19
d. IAS 19
(Revised 2011)
e. US-GAAP
In past 12 years we have
provided our Consultancy and Supports Services to many reputed organizations
spread in all sectors of Indian Economy and the main categories are: -
a. SME Clients
b. Schools/Educational
Institutes c. Non - SME Clients
d. Unlisted
Companies
e.
NBFC
f. Companies
Listed in Indian Stock Exchange
g. Companies
Listed in Foreign Stock Exchanges
h. Multinational
Companies operating in India
To avail our Consultancy Formation of Gratuity Trust & Support
Services for Preparation of Inputs for Actuarial Valuations in compliance
of AS 15 (Revised 2005), IndAS 19 & IAS 19 (Revised 2011) - IFRS, you may
send your requirement at tikaramchaudhary@gratuitytrustfund
With
Regards
Tika Ram Chaudhary
Gratuity, Pension, Superannuation Trust Fund Consultant
(Corporate Consultant with more than 11 Years of experience in providing
Support Services to Indian and Multinational Companies for Formation of
Gratuity Trust, formed to gain Tax Benefit available for Companies under
Section 36 (1) (v) of Income Tax Act 1961 & Specialized Support Services
for preparation of Inputs for Actuarial Valuations in compliance of AS 15
(Revised 2005), IndAS 19, IAS 19 (Revised 2011) - IFRS & USGAAP required by
Gratuity Trust of Indian Companies)
Trade Name - Gratuity Trust Fund Consultant
Registered Office Address: R 11, F/F, R Block, Vikas Nagar, Uttam Nagar, New
Delhi -110059
Mobile Number: 9211637063
Email Id: tikaramchaudhary@gratuitytrustfund.com
Website: www.gratuitytrustfund.com
Tax Guru Profile: https://taxguru.in/author/tikaramchaudhary@gmail.com/
LinkedIn Profile: https://www.linkedin.com/in/tika-ram-chaudhary-a5727848/
Ca-club-india Profile: https://www.caclubindia.com/profile.asp?member_id=1446582
Blog: http://gratuitytrustfundconsultant.blogspot.com
Google Business Listing: https://gratuity-trust-fund-consultant-in-delhi-ncr.business.site/
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