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Corporate Law - IMPACT ANALYSIS OF RECENT CHANGES ENACTED THROUGHT BUDGET 2018 IN THE EMPLOYEE PROVIDENT FUND ACT, 1952...
Read MoreCorporate Law - UAN Activated Members Can Know PF Balance Through Missed Call AND SMS Alert Members registered on the UAN portal may get their details available with EPFO by giving a missed call at 011-22901406 from their registered mobile number. If the UAN of the member is seeded with any one of the Bank A/c number, AADHAAR […]...
Read MoreCorporate Law - EPFO registration now required at a threshold limit of 10 employees instead of 20 employees...
Read MoreCorporate Law - We all seem to have the basic understanding of the Provident Fund Provisions. However, being a Fellow Member of the esteemed Institute of Chartered Accountants of India (ICAI), one question has always made me curious i.e. whether the provisions of EPFO Act are applicable to an autonomous regulatory body like ICAI....
Read MoreCorporate Law - EPF Taxability if withdrawn before 5 year of Service & Foreign Employees Exemption...
Read MoreCorporate Law - EPFO has launched the pensioner’s portal https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number, Pensioner’s Payment Order details, Pensioner’...
Read MoreCorporate Law - Employees’ Provident Fund Organisation (EPFO) has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO Link in UMANG Mobile App. This is in addition to the existing web facility already available at EPFO’s website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR....
Read MoreCorporate Law - As per the provisions laid down, pensioners under Employees’ Pension Scheme, 1995 are required to submit Life Certificate annually in the month of November each year. From 2016 facility has been provided for submission of Jeevan Parmaan digitally as authentication for proof of identity of the individual pensioners. In order to obviate t...
Read MoreCorporate Law - PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the customer’s convenience. Pension Fund Regulatory and Development Authority (PFRDA) has embarke...
Read MoreCorporate Law - ollections of EPF dues have been started with PNB, Allahabad Bank, Indian Bank, Union Bank of India in addition to State Bank of India through direct online mode. ...
Read MoreKalyan Silks Trichur (P) Ltd. Vs. Joint Commissioner Of Income Tax (Kerala High Court) - The solitary common issue that arose in these appeals was with regard to the legality of dis-allowance of deduction made towards belated deposit of employees contribution of Provident Fund/Employees State Insurance. A reading of the order passed by the Tribunal shows that the first appellate authori...
Read MoreM.V.S Engineering Ltd Vs The CIT (Delhi High Court) - In this case high court held that payment of employees contribution under the Employees Provident Fund and Misc. Provision Act, 1952 and the Employees State Insurance Act, 1948 is allowable if paid before the due date of filing Income Tax Return or filing of Income Tax Return whichever is earlier e...
Read MoreITO Vs. LKP Securities Ltd (ITAT Mumbai) - The decisions by the apex court in the case of Vinay Cement Ltd. (supra) and Alom Extrusions Ltd. (supra) are admittedly with reference to section 43B and, further, qua the scope of the amendments thereto. The deductibility of the employee’s contribution is not regulated by section 43B....
Read MoreTara Jewels Export (P.) Ltd. Vs Assistant Commissioner of Income-tax, 8(3) (ITAT Mumbai) - After considering the rival submissions and perusing the relevant material on record it is observed that the due date for filing the return of income by the assessee under section 139(1) for the relevant year is 30.11.2006. The AO has drawn a chart at page-4 of the assessment order showing the dates...
Read MoreA decision of the EPF Appellate Tribunal, North Delhi, that the term “employee” was defined in the Payment of Bonus Act as regular workers which included apprentices, was upheld by the Madurai Bench of the Madras High Court. Rejecting the contention...
Read MoreNo. C-Ex/Ex - Return/ 2013/Vol. II/3990 - (25/05/2018) - It is clarified that the Trust of exempted establishment are required to obtain the prior permission of Regional P.F. Commissioner for selling of securities if and only if the Trusts have to utilize the amount obtain4 through sale of securities for meeting the obligatory expenses arising out of any ...
Read MoreNo.Invest.I/CBT Agenda/ROI/2017-18/4153 - (25/05/2018) - The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under Para 60(1) of Employees’ Provident Funds Scheme, 1952 to credit interest @ 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under...
Read MoreNotification No. S.O. 2011(E) - (21/03/2018) - Government reduces normal administrative expenses payable by the employer with effect from 1st June, 2018 at 0.50 per cent of the pay subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per e...
Read MoreNo. CAIU/011(72)2016/Shram Suvidha Portal/2566 - (03/05/2018) - (1) The following categories of establishments are mandated for inspection without referring/seeking permission for inspection from CAIU, Head Office : (a) List of establishments generated through Shram Suvidha Portal of Ministry of Labour & Employment, Government of India for inspection....
Read MoreNo: Pension-l/17(10)2016-17/Jecvan Pramaan/913 - (09/04/2018) - It is requested to issue suitable instruction to field offices under your jurisdiction for taking necessary actions adopting the methodology explained in the circular for acceptance of life certificate /non re-marriage certificate by the Banks and release of pension to pensioners....
Read MoreNo. C-Ex/Ex - Return/ 2013/Vol. II/3990 - (25/05/2018) -
No.Invest.I/CBT Agenda/ROI/2017-18/4153 - (25/05/2018) -
Notification No. S.O. 2011(E) - (21/03/2018) -
No. CAIU/011(72)2016/Shram Suvidha Portal/2566 - (03/05/2018) -
No: Pension-l/17(10)2016-17/Jecvan Pramaan/913 - (09/04/2018) -
No. NDC/Appl Software/2018/41 - (02/04/2018) -
No :Pension-1/17(10)2016-17/Jeevan Parman/23945 - (26/03/2018) -
No. WSU/9(1)2013/Settlement of Claims/Pt /1985 - (23/03/2018) -
