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CBDT promotes 55 officers to the grade of Pr. CIT

October 26, 2022 11469 Views 0 comment Print

Vide Office Order No. 231 of 2022-Income Tax 55 officers are, promoted to the grade of Principal Commissioner of Income Tax (Pr. CIT) (level 15 in the pay matrix Rs. 1,82,200-2,24,100/-) for the panel year 2021 on in-situ basis w.e.f. the date of assumption of charge of the post by them and until further orders. […]

Clarification regarding pension to be taken for commutation after retirement

October 25, 2022 2400 Views 0 comment Print

Doubts have been raised as to which pension i.e pension authorized at the time of retirement or the pension revised subsequently and payable at the time of application for commutation shall be allowed to be commuted.

Commutation value for Government servant whose date of birth is first of a month and who retires on afternoon of last day of preceding month

October 25, 2022 2730 Views 0 comment Print

Clarification regarding commutation value for Government servant whose date of birth is the first of a month and who retires on the afternoon of the last day of the preceding month-reg

Clarification regarding Dearness Relief payable on Original Basic Pension

October 25, 2022 1191 Views 0 comment Print

It is clarified that dearness relief is payable on the original basic pension before commutation or such basic pension before commutation as revised on implementation of recommendations of Pay Commission etc. and not on the pension as reduced after deduction of commuted pension.

Deduction of commuted pension from pension revised in implementation of recommendations of Pay Commission

October 25, 2022 1740 Views 0 comment Print

What amount shall be deducted from pension in cases where the pension is subsequently revised on implementation of recommendations of Pay Commission, etc.

Monthly commuted pension not deductible from family pension if pensioner dies before restoration of commuted pension

October 25, 2022 1578 Views 0 comment Print

whether deduction towards commutation are required to be made from family pension for the remaining period in cases where the pensioner dies before the restoration of commuted pension.

Emoluments for determining mandatory contributions under NPS

October 25, 2022 1131 Views 0 comment Print

No. – 57/03/2022-P&PW(B)/8361 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare *** 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi, Dated the 25th October, 2022 OFFICE MEMORANDUM Subject: Emoluments for determining mandatory contributions under National Pension System in respect to Central Government employees covered under NPS. […]

IRDAI forms Committee to study & recommend on Bima Vahak and Bima Vistaar

October 21, 2022 1920 Views 0 comment Print

Latest developments in the technology like Artificial Intelligence (AI)/ Machine Learning (ML) can be gainfully utilized by creating a digital platform to reach the last mile.

ROC impose penalty for issuing private placement offer cum application letter before filing relevant Board/special resolution with Registry

October 21, 2022 5517 Views 0 comment Print

Applicant Company and its officers who have made the default in complying provision of Rule 14(8) of Companies (Prospectus and Allotment of securities) Rules 2014 of companies Act, 2013 as private placement offer cum applications at different dates were issued before filing special resolution to ROC. Hence, they are liable for penalties under section 450 of Act, 2013.

ROC imposes penalty of Rs. 7.50 Lakh for not appointing woman director

October 21, 2022 3294 Views 0 comment Print

Company is required to appoint a woman director based on Rule 3(ii) of Companies (Appointment and qualification of Directors) Rules, 2014 as Turnover of company is more than 300 Crore.

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