1)I want to know the laws applicable to the above.
2) when the Superannuation Fund (SF) is transferred from a company located outside india to a company located in india how is the treatement given for gain on foreign currency
03 February 2008
A super annuation fund can be established by a trust deed. The rules of the trust should be in accordance with the Income tax Rules 82 to 97 relating to approved super annuation funds, and part B of Schedule IV, in order that it gets approved by IT authorities.
Your second question is not clear- you mean transfer of contribution or fund? Please note the fund has to be established in India to qualify for approval.
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