Our Firm “Gratuity Trust Fund Consultant” is engaged in providing to Consultancy Services to Public Sector, Private Sector and Multinational Companies for Formation of Gratuity Trust/Fund as per provisions of the Part C of Fourth Schedule of Income Tax Act 1961.

The most important tax benefit available to Companies of such Gratuity Trust/Fund is available under Section 36 (1) (v) of the Income Tax Act 1961, which is not available to Companies when provision of Gratuity Liability is made in the Balance Sheet (Refer Section 47A (7) of Income Tax Act 1961). The details of Consultancy Services offered by us are as under: -

1. Formation of a New Approved Irrevocable Gratuity Trust,

2. Investment of Trust Money as per Income Tax Rules 1962,

3. Vetting of Board Resolutions, Trust Deed, Trust Rules & Application for Approval from CIT,

4. Vetting of Deed of Variations and Applications required by Trustees/Companies for Approvals from CIT for Gratuity Trust in terms of Part C of Schedule IV of Income Tax Act,1961 in following cases: -

a. Change in Name of Trust,

b. Change in Address of Trust,

c. Change in Trustees,

d. Change in Investment Pattern of Gratuity Funds from 1 Insurer to another

e. Change in Benefit Formulae for Gratuity Benefits

f. Change in Retirement Age of Employees

g. Change in Object of Trust

h. Change in Trust Rules

i. Approvals for winding up of Trust due to winding up of the Company

j. Approvals for Transfer of Fund in Event of Merger or De-merger

5. Advisory for Process, Advantages & Disadvantages for Formation of Gratuity Trust

6. Advisory for Formation/Restructuring of Gratuity Policy as per Social Security Code, 2020

7. Consultation about Statutory compliances of The Payment of Gratuity Act, 1972 as per Accounting Standards – 15 (Revised 2005) & IndAS19

8. Advisory for Accounting & Compulsory Gratuity Insurance Options for Compliance of The Payment of Gratuity Act, 1972 & *Chapter V-Gratuity of Social Security Code, 2020 (*Date for Implementation yet to be notified)

We have a Team of following Consultants with Decades of Experiences in their field and present Major Cities of India for execution of the assignments in timelines stipulated by our client:-

o Legal Consultants - For Legal Issues involved in Formation of Gratuity Trust

o Taxation Consultants - For Accounting Related Issues of Gratuity Trust

o Income Tax Consultants - For Documentation of CIT Approval of Gratuity Trust.

o Investment Consultants - For Gratuity Trust Money Investment Advisory.

o Actuarial Valuation Consultants - For Actuarial Valuation Reports/Certificates

o Merchant Bankers Consultants – For Assets Value Certification for Investment of Gratuity Trust

Support & Liaison Services : -

We also provide Support Services for preparation of Inputs for Preparation of Actuarial Valuation Reports/Certificates of Actuary required by Gratuity Trust of Indian, Multinational & NBFC Companies required 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 Audit of Balance Sheets of Gratuity Trust as per Actuarial valuations Reports/Certificates are also required by Trustees for 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

In past 12 years we have provided our Consultancy and Supports Services to many reputed organizations 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. NBFC

f. Companies Listed in Indian Stock Exchange

g. Companies Listed in Foreign Stock Exchanges

h. Multinational Companies operating in India



To avail our Consultancy Formation of Gratuity Trust & Support Services for Preparation of Inputs for Actuarial Valuations in compliance of AS 15 (Revised 2005), IndAS 19 & IAS 19 (Revised 2011) - IFRS, you may send your requirement at

From India, Delhi
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