CONSULTANCY SERVICES FOR FORMATION OF AN APPROVED AND REGISTERED GRATUITY TRUST IN DELHI , GURGAON, FARIDABAD AND NOIDA REGION
Our Firm - Gratuity Trust Fund Consultant is engaged in providing End to End Consultancy and Support Service to Public Sector, Private Sector and Multinational companies forming Approved & Registered Gratuity Trust as per Part C of The Fourth Schedule of Income Tax Act 1961 to get Tax Benefits under Section 36 (1) (v) of the Income Tax Act 1961, which is not available to when company make provision of Gratuity Liability in the Balance Sheet under “Pay as you go Option” (Refer Section 47A (7) of Income Tax Act 1961). We have almost 11 years of experience in providing above Consultation and related Support Services. The details of Consultancy and End to End Support Services provided us with liaison of Various Consultants/Professional is as under: -
1. Consultancy Services: -
v Formation of a New Approved Irrevocable Gratuity Trust.
v Investment of Trust Money as per Income Tax Rules 1962.
v Drafting of Board Resolutions Trust Deed, Trust Rules, Applications.
v Documentation Support Services for Approvals of Trust in terms of Part C of Schedule IV from Income Tax Department in following cases :-
o Approvals for New Gratuity Trust or Group Gratuity Scheme
o Approvals for Change in Trust Deed
o Approvals for Change in Trust Rules
o Approvals for Change in Object of Trust
o Approvals for Change in Trustees
o Approvals for winding up of Trust due to winding up of the Company
o Approvals for amalgamation with another fund due to merger/acquisition of the Companies
Normally following steps are involved in the Formation of “A Registered and Approved Gratuity Trust”, the details for the same is given below:
1. Assessment of Gratuity Liability by taking an Actuarial Report for Actuary.
2. Board Resolution for an Approved Gratuity Trust.
3. Registration of Trust Deed & Trust Rules.
4. Investment Decision.
5. Application for Approval of Gratuity Trust.
B. Our following Consultants are involved in execution of the assignment as mentions in 1 above: -
I. Legal Consultant - He take care the Legal Issues of involved in Formation of Gratuity Trust
II. Taxation Consultant - A CA is involved in Accounting & Income Tax Issues of Gratuity Trust
III. Consultant - He is taking care of handling Income Tax Approval Related Issues of Gratuity Trust.
IV. Official of Insurance Company present in Metro Cities of India to handle the Investment related Issues and Actuarial Valuations
V. Actuarial Consultant present in Metro Cities of India for getting Actuarial Valuations Reports/Certificates needed our clients 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 Compliance of Balance Sheets as per Actuarial valuations Reports/Certificates are also required by my clients for Gratuity Plan in 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
VI. Merchant Bankers Consultant present in Metro Cities of India for getting Assets Value Certification needed by Gratuity Trust where Investment is managed by the Trustees Privately.
Our Consultancy Services requires involvement of various Professionals and these professionals needs to abide by the various rules regulations of the Regulating Authorities, hence we undertake the assignment for providing End to End Consultancy Services for Formation of An Approved & Registered Gratuity Trust after having necessary authorization and approvals from the clients before undertaking any assignment. Our clientele is 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. Companies Listed in Indian Stock Exchange
f. Companies Listed in Foreign Stock Exchanges
g. Multinational Companies operating in India
To Avail Our Consultancy Services and Support Services, you may sent your requirement at tikaramchaudhary@gmail.com. You may also purchase my e-book on the Technical and Analytical Points involved in process of "Formation of An Approved and Registered Gratuity Trust"
Tika Ram Chaudhary
Gratuity Trust Fund Consultant
(Corporate Consultant with more than 11 Years of experience in providing End to End 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 Actuarial Valuations in compliance of AS 15 (Revised 2005), IndAS 19 & IAS 19 (Revised 2011) - IFRS required by Gratuity Trust of Indian Companies)
Registered Office Address: R 11, F/F, R Block, Vikas Nagar, Uttam Nagar, New Delhi -110059
Mobile Number: 9211637063
Email Id: tikaramchaudhary@gmail.com
Web-site : tikaramchaudhary@gmail.com
LinkedIn Profile: https://www.linkedin.com/in/tika-ram-chaudhary-a5727848/
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Tax Guru Profile: https://taxguru.in/author/tikaramchaudhary@gmail.com/
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(All services/consultancy is subject to terms and conditions)
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