CBDT today has released the ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 for AY 2016-17. These forms are available on www.incometaxindia.gov.in website. Earlier, CBDT had issued ITR forms in the month of Apr-15 which were withdrawn after the controversy on the information asked in the ITR forms. Subsequently CBDT released the revised ITR forms, namely, ITR-1,…
DetailsThe Reserve Bank of India will shortly put into circulation ₹ 10 coins to commemorate the International Day of Yoga which the Government of India has minted. The design details of these coins are: Obverse The obverse of the coin bears the Lion Capitol of Ashoka Pillar in the center with the legend “सत्यमेव जयते”…
DetailsAs per CBDT order no. F.No. 225/154/2015/ITA-II dt. 10th Jun-15, “due date” for filing of Return of Income (ITR) for assessment year 2015-16 has been extended to 31st Aug-2015. As per Explanation to section 14 (1) of the Wealth-tax Act 1957, `due date’ of filing Return of wealth in relation to an assessee under the…
DetailsThe Ministry is transforming the National Employment Service comprising a network of 978 Employment Exchanges into National Career Service (NCS) by leveraging information technology to improve the delivery of services. The previous system required job seekers to physically visit the Employment Exchanges for registration, verify their records and wait for opportunities to come. Similarly, the…
DetailsNational Floor Level Minimum Wage (NFLMU) has been revised upwards from existing Rs. 137/-to Rs. 160/-per day w.e.f. 01.07.2015. In a letter written to all the Chief Ministers and LGs today, Shri Bandaru Dattatraya, the Minister of State(IC) for Labour and Employment has urged to take necessary steps for fixation/revision of the minimum rates of…
DetailsThere are many employees who are struggling to get their details corrected in PF records. Details like name of the employee, Father/ Spouse name and Date of Birth are the details which can be corrected. For the purpose of correction, one needs to follow the process as given below: For change of name of employee…
DetailsFollowing the Supreme Court order last year, Govt. of India had constituted the SIT in the matter of Black money. SIT has submitted its (third) report to Govt. of India. Recommendations of SIT on Black Money is being given below: Misuse of exemption on Long Term Capital gains tax for money laundering (Reference p. 82-84…
DetailsThe Social Security Agreement between India and Austria was signed on 4 February 2013. The Agreement has now come into force with effect from 1 July 2015. The Agreement will have the following benefits: For foreign nationals working in India: 1. Exemption from social security contributions in India 2. Early withdrawal of contributions from Provident…
DetailsGeneral Circular No. /1/2015 No. 1/19/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated 21st Jul , 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to circulation and filing of financial statement under relevant provisions of the…
DetailsF.No. 225/141/2015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 20th of July, 2015 Order under section 119(1) of Income-tax Act, 1961 Subject: Validation of tax-returns through Electronic Verification Code-reg.- The Central Board of Direct Taxes (`CBDT’) vide Notification No. 41/2015 dated 15.04.2015 in…
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