EMPLOYEE’S PROVIDENT FUND ORGANIZATION (MINISTRY OF LABOUR & EMPLOYMENT, GOVT. OF INDIA) NATIONAL DATA CENTER 1st Floor, Bhavishya Nidhi Bhawan, Plot No. 23, Sector- 23, Dwarka, New Delhi- 110075. No. NOC/2017/UAN/Pt./2741 Date: 21.11.2017 To All Additional Central PF Commissioners (In-charge of the Zone) All Regional PF Commissioners (In-charge of the Region) Sub: Introduction of…
DetailsPaperless assessment/ e-mail based assessment on a pilot basis was commenced in the financial year 2015-16 in non-corporate charges of five cities i.e. Ahmedabad, Bangalore, Chennai, Delhi and Mumbai. The e-mail based assessment scheme has now been extended to two more cities, namely Hyderabad and Kolkata during the Current Financial Year 2016-17. It shall now…
DetailsIn 2015-16, EPFO disbursed approximately Rs. 47,630 crore as member benefits and Rs. 8,200 crore as monthly pensions.To monitor the status of enrolment of contractual employees especially in municipalities, EPFO has taken steps towards putting in place a system where principal employers including government bodies who enroll workers directly or through contractors can view details…
DetailsThe Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate…
DetailsThe Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s). Under the Scheme, such income as declared by the eligible persons, would be taxed at the rate of…
DetailsCode is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the world’s best insolvency regimes; Vision of the new law is to encourage entrepreneurship and innovation. History was created on 11th…
DetailsThe present Government has taken various decisions and steps to curb the menace of black money both within and outside the country in last two years. Some of the major decisions and actions taken in this regard are given below: 1. Sustained steps taken for curbing black money:- (a) A new Black Money Act has…
DetailsThe Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries today at Port Louis, Mauritius. The key features of the Protocol are as under: i. Source-based taxation…
DetailsThe Revenue Department of the Ministry of Finance takes several steps for boosting-up growth and employment generation: (a) Lowering the Corporate tax rates to 25% for new manufacturing companies (b) Extending tax benefits for housing sector so as to promote construction industry (c) Rate of tax on royalty and fees for technical services reduced from…
DetailsAs part of ease of doing business and reduction of Transaction Cost of the exporters, the Government decides to do away with the Landing Certificates required under Merchandise Export from India Scheme (MEIS) with effect from 4th May, 2015. Government with the approval of the Minister of State (I/C), Ministry of Commerce and Industry…
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