MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 15th March, 2017 S.O. 828(E).—In exercise of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), and in supersession of the notification of the Government of India, in the Ministry of… Read More »
EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017 The administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from 1st April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in… Read More »
IRDA Modifies Guidelines on Point of Sales Person: Non-Life & Health INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail : irda@irda.gov.in Web.: www.irda.gov.in Ref: IRDA/INT/GDL/PSP/058/031 2017 16th March, 2017 To all General and Health Insurers Reference is drawn to Guidelines on… Read More »
Section 10(37) Income Tax Act [ Section 10(37) Income Tax inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005 ] Exemption of capital gains on compensation received on compulsory acquisition of agricultural land situated within specified urban limits Relevant Section 10(37) Income Tax Act Incomes not included in total income. 10. In computing the total… Read More »
Due date for issue of invoice under GST for Supply of Goods Section 28(1) of the CGST/SGST Law prescribes the time when the tax invoice should be issued. Accordingly, the due date for issuance of invoice would be as follows: (a) Supply involves movement of goods – It is provided that the tax invoice should… Read More »
New Delhi, Mar 16 Markets regulator Sebi today asked clearing corporations to post all the past regulatory orders as well as arbitration and appellate awards on their websites within 30 days, while fresh orders need to be uploaded immediately. The move is aimed at improving transparency, the Securities and Exchange Board of India (Sebi) said… Read More »
GST council decision on SEZs New Delhi, Mar 16 (PTI) The Export Promotion Council for SEZ and EoUs has welcomed the GST Councils decision to treat supplies to special economic zones at par with exports. Export Promotion Council for SEZ and EoUs (EPCES) said that earlier the supply of goods or services, to an SEZ… Read More »
The GST Council in the 12th GST Council Meeting, approved two draft bills – UTGST (Union Territory GST) and SGST (State GST) . The UTGST law is for the union territories which do not have legislative assemblies. like Andaman and Nicobar Islands, Lakshadweep, Daman and Diu and Dadra and Nagar Haveli, Now, with all the… Read More »
Revenue Ruling 2017-08 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382,… Read More »
Check Out Tax Benefits for Higher Education Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns. If taxpayers, their spouses or their dependents took post-high school coursework last year, they may be eligible for a tax credit or deduction. Here are some facts from the IRS about tax… Read More »