Rs. 31734 Crore Collected as Construction Workers’ Welfare Cess till 31st December 2016 Rs. 31733.76 crore have been collected as Construction Workers’ Welfare Cess by the States/UTs upto 31.12.2016, at the rate of 1% of the cost of construction. Out of it Rs. 6872.51 crore has been spent. The Building and Other Construction Workers’ Welfare… Read More »
Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House The Government has taken a decision for modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to add a new paragraph 68 BD under which a member of Employees’ Provident Fund (EPF), being a member… Read More »
Steps to access GST saved application I am an existing taxpayer. I had saved my enrolment application but not completed it. How can I access GST saved application ? Access GST saved application :- As an existing taxpayer, you can enrol with GST at the GST Common Portal. You can complete your application intermediately and keep… Read More »
Track GST Application Status As an existing taxpayer, you can enrol with GST at the GST Common Portal. On submission of the Enrolment Application, you will be given an Application Reference Number (ARN). You can track GST Application Status by tracking this ARN. Yes, you can track the status by using the Registration > Services… Read More »
Draft Equal Opportunity Commission Bill Re-Circulated for Inter-Ministerial Consultations Based on the Expert Group Report and examination by the Government, the draft Equal Opportunity Commission (EOC) Bill has been re-circulated for inter-ministerial consultations. In pursuance of one of the recommendations made by Sachar Committee, the Government had set up an Expert Group to examine and… Read More »
Finance Minister Arun Jaitley’s Speech | March 15, 2017
Issue For the relevant assessment year 2005-06, Assessee reported its income through a return under Section 139(1) of the Act, declaring an income of Rs.1,72,799/- on 30.12.2005 A search and seizure operation under Section 132(4) of the Act was carried out on 11.01.2007 in the premises of the assessee’s group companies and directors of the… Read More »
Facts of the case As per the agreement entered with the farmers by Assessee (Company) , the farmers shall supply sugarcane at factory gate for a agreed price fixed by the State Govt. However, as per the request of farmers and also to facilitate smooth supply of sugar cane, it has employed harvesting gang labours… Read More »
Tax Time Guide: Still Time to Contribute to an IRA for 2016 WASHINGTON — The Internal Revenue Service today reminded taxpayers that they still have time to contribute to an IRA for 2016 and, in many cases, qualify for a deduction or even a tax credit. This is the eighth in a series of 10… Read More »
Winter Storm Extension: Many Businesses Have Extra Time to Request A Six-Month Extension WASHINGTON — The Internal Revenue Service today granted many businesses affected by this week’s severe winter storm additional time to request a six-month extension to file their 2016 federal income tax returns. The IRS is providing this relief to victims and tax… Read More »