Employee welfare trusts

Sriram (Querist) 06 August 2019 This query is : Resolved
If an employer wants to file a trust with the Income Tax for Exemption mainly to cater to medical exigencies; is it allowed for any tax exemption.

The employer wants to start a trust for the sole purpose of giving additional funds to the deprived employee who has an ailment. The employer wants to fund the same through a trust for building the corpus.

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kavksatyanarayana (Expert) 06 August 2019
Ji, to me if the employer creates Trust with such aims with some amount by adding Income tax exemption Clause. It needs CA's adivse. Hence consult a senior CA of your area or put this query in CAclubindia.

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