Corporate Law news

Credit Linked Interest Subsidy scheme for tax paying Middle Classes

Credit Linked Interest Subsidy scheme for tax paying Middle Classes made effective from January 1 this year. Those sanctioned house loans and applied for since January 1st eligible for interest subsidy of up to Rs.2.35 lakh each...

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Posted Under: Income Tax |

High expectations riding on new UP Government: ASSOCHAM

Faced with high expectations created by a massive mandate given to the BJP, the incoming Chief Minister of Uttar Pradesh has to meet immediate challenges of ensuring much better electricity supply in the coming summer, give urgent relief to Bundelkhand  and find a lasting solutions for arrears of sugarcane farmers, the ASSOCHAM said toda...

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Posted Under: Income Tax |

5 steps taken by EPFO for speedy settlement of claims

The Employees’ Provident Funds Organization (EPFO) has taken various steps for speedy settlement of claims which inter alia include: 1. Composite Claim Form (Aadhaar) and Composite Claim Form (Non-Aadhaar) has been introduced by replacing the erstwhile Claim Forms No. 19, 10C and 31, with a view to simplify the submission of claims by t...

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Posted Under: Income Tax |

Minimum Wages as fixed by Central Government wef 19.01.2017

The Central Government has notified the revision of minimum wages for the scheduled employments in the Central sphere on 19.01.2017. The increase in minimum wages for scheduled employment under the Central sphere w.e.f. 19.01.2017 as shown in the table below:- ...

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Posted Under: Income Tax |

Employees’ Enrolment Campaign launched by EPFO

An Employees’ Enrolment Campaign has been launched by Employees’ Provident Fund Organisation during the period 01.01.2017 to 31.03.2017, in order to extend social security benefits to all the eligible workers in the country. During the Campaign, various financial incentives are being offered to establishments to enroll their workers. ...

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Posted Under: Income Tax |

Data of corrupt officials not lost or deleted: CVC

Clarification by the Central Vigilance Commission (CVC) regarding media reports stating crash of hard disc of CVC portal and loss of data stored online. Media reports stating data stored online about corrupt officials was lost or deleted is totally misleading and incorrect. The Central Vigilance Commission has noticed that certain section...

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Posted Under: Income Tax |

Food inflation in India comparatively lower in last six months

Food inflation in India comparatively lower in the last six months as compared to the global food inflation based on the Food Price Index of Food and Agriculture Organization (FAO). Food inflation as measured by the Consumer Food Price Index (CFPI) in India was comparatively lower in the last six months as compared to the […]...

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Posted Under: Income Tax |

9 Criterias to Assess Performance of Private Insurance Companies

Performance of private insurance companies are assessed through the following: - i.) Analysis of the financial statements and corporate governance report of the insurance companies on annual basis. ii.) Analysis of the statement of expenses of management and payment of commission on an annual basis....

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Posted Under: Income Tax |

HLC to review Institutionalisation of Arbitration Mechanism in India

Comments invited on working paper of high level committee (HLC) to review Institutionalisation of Arbitration Mechanism in India by 7 April 2017...

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Posted Under: Income Tax |

Govt to enable Withdrawal upto 90% for Purchase of House from EPF

Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for purchase of dwelling house/flat or construction of dwelling house/acquisition of site....

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Posted Under: Income Tax |
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