Ours is a liaison office of a foregin company incorporated from 1995 with the staff strength of 22 now and we tried to establish employees group gratuity trust with LIC/Kotak insurance.Insurance companies insist us to get approval from Income tax dept,we approached the insurance company and they replied that since you are a liaison office of a foreign company not filed any annual return to us and how can we provide on approval.
RBI and MCA insist that liaison office need to comply pf,shop and establishment act,gratuity ,it for tds etc.
Please advise to whome we are supposed to approach for grt on approval
Veera
From India, Madras
RBI and MCA insist that liaison office need to comply pf,shop and establishment act,gratuity ,it for tds etc.
Please advise to whome we are supposed to approach for grt on approval
Veera
From India, Madras
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Gratuity notification amendment in definition of employees.pdf