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Winding up of the trust
Brief Overview
A gratuity fund can only be wound up upon the closure of the business of the establishment.
SCOPE OF WORK
- Winding up of the trust on winding up or discontinuance of the employer’s trade or undertaking
- Preparation of the documentation for the submission to income tax authorities
- Application with the principal commissioner of income tax for the winding up of the trust
- Appearing before the income tax authorities for the winding up of the trust
- Continuous follow up till the final winding up letter is received from the income tax
DOCUMENTS REQUIRED
- Trust master data
- Trust latest financials
- Trust latest income tax return
WHY EASY ACCOUNTING
- Approximately 42,000 employees in the trust advised by us
- Trusted by more than 100 trusts across India
- Faster turnaround time for income tax approval
- One stop solution for the entire process
- Hassel free experience in the complex process
- 5+ Years of group gratuity centric experience
TIMELINES
- Winding up letter from the income tax is normally received in 4-6 months
KEY CLIENTELE
- An American multinational shipping & receiving and supply chain management company
- Listed Aerospace and defense company
- Listed subsidiary of the Indian conglomerate providing Satellite Communication Service Provider
- Listed Multinational Multi-technology automotive components supplier
- Leading Trade Credit Insurance Adviser
- One of the biggest listed Rural non-banking financial Company
- Manufacturer of high-quality reactive dyes
- Leading logistics service provider
- Leading American Multi-national construction company with presence in 20 countries
- World’s leading synthetic rubber company
- India’s most recognized stationery brand
FAQs
No, it can be wound up only upon closure of business of establishment
Yes, intimation needs to be given to jurisdictional income tax officer of the employer.