EPFO has launched the online helpdesk portal to help employers and employees facing issues. This portal is still in Beta version and can be best view in Google Chrome Brower only. Here you can submit your queries and get it resolved. They have 7 days of TAT (turnaround time) to answer your queries. You can…
DetailsThe Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to permit Foreign Direct Investment (FDI), up to 100 percent, under the automatic route, in the activity of White Label ATM (WLA) Operations subject to the following conditions: i. Any non-bank entity intending to set up WLAs should have a…
DetailsThe Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for introduction of the Sovereign Gold Bonds Scheme, as announced in the Union Budget 2015-16.The scheme will help in reducing the demand for physical gold by shifting a part of the estimated 300 tons of physical bars and coins purchased…
DetailsThe Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of Rs. 800 crore, as approved in the Demands for Grants and consented to by the Finance Minister to support the future growth of the…
DetailsThe Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for introduction of Gold Monetization Schemes (GMS), as announced in the Union Budget 2015-16. The objective of introducing the modifications in the schemes is to make the existing schemes more effective and to broaden the ambit of the existing schemes…
DetailsGovt. has denied to extend date for Filing of Returns due by 30th September for Assessment Year 2015-16 for Certain Categories of Assessees Including Companies, and Firms and, Individuals Engaged in Proprietary Business/Profession etc whose Accounts are required to be Audited; Taxpayers are Advised to file their Returns Well in Time to Avoid Last Minute…
DetailsSection 194A of Income Tax Act, 1961 All Banks are required to deduct TDS on interest payments made to its account holders when the interest amount is in excess of INR 10,000. What is Form 15G and Form 15H? Form 15G & Form 15H are self-declaration forms required to be furnished by a person who…
DetailsCBDT has issued following instructions to its officers for compounding of Offences under Income Tax Act, 1961/Wealth tax Act, 1957 in cases of persons holding undisclosed foreign bank accounts/assets: (i) Such cases can be compounded only after filing the Prosecution complaint(s) and shall not be compounded at the stage of show cause notice and/or without…
DetailsThe Government has announced the One Rank One Pension scheme for the Ex-Servicemen. This was announced by the Defence Minister. Under the OROP Scheme: The benefit will be given with effect from 1st July, 2014. The present government assumed office on 26th May, 2014 and therefore, it has been decided to make the scheme effective…
DetailsUnder PMJDY, Close to 18 Crore (180 Million) Accounts Opened; 15.74 Crores Rupay Debit Cards Issued; Mobilization of More Than Rs 22,000 Crores (Rs 220 Billion) in Bank Accounts; Overdraft Facility Availed by 1,64,962 Account Holders as on 01.09.2015; 8227 Branches and 21,197 ATMS Added to the Network in 2014-15 The achievement under Pradhan Mantri…
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