The Employees’ Provident Fund Scheme (EPF) in India is a retirement savings initiative introduced by the government in 1952. Learn about its key features, benefits, eligibility criteria, and how it aids effective retirement planning. EPF provides financial security by enabling monthly contributions from both employers and employees. Benefits include tax-free returns, regular savings habits, and access to funds when needed.
The Employees’ Deposit-Linked Insurance Scheme (EDLI) by the Employees Provident Fund Organisation (EPFO) offers a safety net for EPF members. This article provides an overview of EDLI, covering features, eligibility, premiums, and more. EDLI provides financial protection against an employee’s untimely demise, offering a sum assured up to Rs. 6 lakhs. Eligibility criteria include regular PF contributions and age below 58.
from online gaming. This includes both the winnings withdrawn and the remaining amount of net winnings in the user account at the end of the financial year. If the net winnings are received wholly or partly in kind, and the cash portion is insufficient to cover the entire TDS liability, the payer must ensure that the required tax has been paid before releasing the winnings.
Explore directors’ liability under the Negotiable Instruments Act during the moratorium period under the Insolvency and Bankruptcy Code (IBC). Learn about legal precedents, the nature of offenses, and the accountability of directors. Stay informed on the intersection of the NI Act and IBC.
Section 194BA was introduced by Finance Act 2023 to deduct TDS on net winnings from any online games. Manner of computation of net winning has been prescribed in Rule 133 of Income-Tax Rules, 1962.
Understand TDS implications under section 194IA of the Income Tax Act for the transfer of immovable property. Learn about the minimum limit, who should deduct TDS, and scenarios where TDS may not be applicable. Explore relevant case law to grasp the nuances of TDS on property transactions.
Explore a comprehensive guide on Start-Up India registration, an initiative by the Government of India promoting innovation and economic growth. Learn about the eligibility criteria, benefits, and the action plan of the government for start-ups. Discover the advantages, including tax exemptions, financial support, tender participation, and networking opportunities. Understand the government’s focus on funding support, streamlined registration processes, tax benefits, and protection of intellectual property rights.
Stay updated on recent GST developments until May 1, 2023. Explore insights into India’s economic growth projections, tax revenue expectations, and global positioning. Learn about the initiation of registration verification to counteract fake invoices and tax evasion. Discover CBIC’s advice on integrity in public life and updates on e-invoice thresholds and automated GST return scrutiny.
Explore the possibility of claiming deductions under Sections 54 and 54F of the Income Tax Act simultaneously for a single residential house property. Learn about the recent case law involving M/s. Sudhakar Traders, which sheds light on the importance of Proper Officer’s authorization in issuing notices under Section 61 read with Rule 99 of the CGST Act. Stay informed about the conditions and implications of claiming these exemptions concurrently.
Understand the significance of Proper Officers authorization in issuing notices under Section 61 read with Rule 99 of the CGST Act. Learn from a recent case involving M/s. Sudhakar Traders, where the High Court set aside a notice due to lack of Proper Officer’s authorization. Stay informed about the legal provisions and ensure adherence to transparency and legality in the scrutiny process.
