Rules 307–311 of the Draft Income-tax Rules, 2026 outline how pension funds must purchase annuities, restrict commutation, prevent employer claims on fund money, and ensure employee benefits even if the business closes.
The post Draft Income Tax Rules 307 to 311: Insurance/Annuity Scheme, Annuity Commutation, Beneficiary & Employer Restrictions, Assignment Penalty, and Business Winding-Up Arrangements appeared first on TaxGuru.