The Income Tax Department has launched its new portal e-filing 2.0 on Monday. Which is more user friendly than before, taxpayers themselves can easily file their tax returns, check refund status as well as make tax payments. Taxpayers update their personal details The Income Tax Department has asked the taxpayers to re-register their DSC immediately…
The new website of Income Tax e-filing will start from today, more facilities have been given in this new website than before. It was closed for 6 days before launching the new website. Till now taxpayers were doing many other things including filling their tax returns on the old portal of Income Tax (incometaxindiaefiling.gov.in). The…
The Employees’ Provident Fund Organization (EPFO) has made a new announcement to provide relief to its subscribers during the second wave of the Covid-19 pandemic. Now you can avail the non-refundable (non-refundable) Covid-19 advance for the second time from your PF account. The provision of special clearance was made for the first time in March,…
The government extended the deadline for linking of Aadhaar PAN. In the tweets of Income Tax Department informed that the last date has been extended from march 31 to June 30, 2021. The decision has been taken after many people reported technical issue of Income Tax website while linking the Aadhaar and Pan card Number….
Income Tax News Update: Relief for taxpayers is reported, the Central Board of Direct Taxes (CBDT) has increased the deadline for filing Tax Deducted at Source (TDS) to 30 June. Earlier, its last date was May 31, 2021. Earlier, in view of the second wave of Corona epidemic, the Income Tax Department had extended the…
The provisional payroll data of EPFO has been published on 20th May, 2021 highlights that EPFO has added around 11.22 lakh net subscribers in the month of March, 2021. Despite Covid-19 pandemic, cumulative net payroll addition for FY 2021 is almost at par with last year, with 77.08 lakh net additions to subscribers base. Quarterly…
Retirement fund body Employees’ Provident Fund Organisation’s (EPFO) has hiked the death insurance benefits for employees’ deposit-linked insurance (EDLI) scheme beneficiaries, amidst the onslaught of the second wave of the COVID-19 Pandemic. The retirement fund body has hiked the minimum death insurance benefit to Rs 2.5 lakh while the maximum benefits have been raised to…
There is a big relief news for those filing Income Tax Return. The government has extended the tax compliance and Income Tax Return deadline to May 31 for the financial year 2020, in view of the rising outbreak of the Corona epidemic. Taxpayers can also file Revised Return for FY 2020. Income Tax Return, Tax…
PF Balance Transfer: It is often seen that when people change jobs from one company to another, they forget to transfer their PF balance, when later they remember, then they get nervous thinking that they are now in the EPF office Will have to travel. We are going to tell you that if you have…
Central Board of Indirect Taxes and Customs (CBIC) has set up dedicated helpdesk to handle queries related to Covid related Imports and handhold the trade, industry and individuals for expeditious customs clearance. As you are aware, the Government of India is committed to ensure seamless and quick customs clearance of COVID related imports, so that…
New ITR Form: Income Tax Department has notified the IT return form for the financial year 2020-21. The Central Board of Taxes (CBDT) has given this information. The CBDT has said that keeping in mind the convenience of Corona epidemic and Taxpayers (Taxpayers), there has not been much change in the new ITR form as…
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) & Australia and New Zealand (CA ANZ). Impact: The MRA intends to develop mutually beneficial relationship in the best interest of members, students and their organizations and is expected…
The provisional payroll data of EPFO has been published on 20th April, 2021 highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021. Despite COVID-19 pandemic, EPFO has added around 69.58 lakh net subscribers during the current financial year. The data reflects growth of 3.52% in net subscribers addition in…
People still have confidence in PPF Investment: Public Provident Fund , this is an investment on which you get good interest, as well as good savings on tax. If you invest even 1000 rupees a month in Public Provident Fund, then it reaches lakhs of rupees. We are going to tell you how you can…
Let us now explain how interest is calculated. Interest on PPF is calculated on the amount in the account from the 1st to the 5th of every month. That is, if you put money in PPF account till 5th of any month, then that money will get interest in the same month, but if you…
Before deciding the tax interest earned by private sector employees contribution over the 2.5 lakh towards provident fund from April 2021, the government had decide to bring employer’s contribute of over 7.5 lakh towards retirement saving to tax net last year. in the previous year Budget Finance Minister Nirmala Sitharaman decide to tax employer’s contributions…
After the covid-19 crisis, the country’s economy is gaining momentum. This is confirmed by the March GST collection figures, which are 27% higher than in March 2020. Received 1.23 Lakh Crore Revenue According to the data of the Finance Ministry, the government received a gross GST revenue of Rs 1,23,902 crore in March 2021. Of…
The government announced a reduction in the interest rates of all small savings schemes like PPF, Sukanya Samriddhi on 31 March, and the decision has been withdrawn today. Finance Minister Nirmala Sitharaman has given information about this decision of the government from her own Twitter account. The Finance Minister has written that the interest on…
EPFO New Guidelines: Retirement Fund body, Employees Provident Fund Organization (EPFO) has given this facility to its employees earlier that if there is any mistake in their PF account then it could be rectified online. For this, you did not even have to make rounds of the office. According to the EPFO, you could improve…
If your account is in Post Office or you invest in post office schemes then this news is for you only. Now if you withdraw more money than the stipulated amount, then TDS can be deducted on it. This rule of withdrawing money applies to various deposit schemes ranging from PPF. These rules related to…
Link PAN- Aadhaar: If you have not yet linked your Permanent Account Number and Aadhaar Card, then this negligence is going to be very heavy on your pocket. For this, not only will you face a fine of Rs 10,000, but your PAN will also become illegal. For this, you have only 2 days left,…
Following measures have been taken for promotion of Micro, Small and Medium Enterprises (MSMEs) in defence production sector:- Cases with Acceptance of Necessity (AoN) cost < Rs 100 Crores are reserved for MSMEs, provided there are at least two or more MSMEs eligible to participate in the category. In order to encourage startups/MSMEs, procurement cases…
The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base with the addition of 13.36 lakh net subscribers during the month of January, 2021. Despite COVID-19 pandemic, EPFO added around 62.49 lakh subscribers during the current financial year. The data reflects growth of 24% for the month of January, 2021 over December, 2020. Year-on-year comparison of payroll…
Income Tax Rules Change: From April 1, 2021, many rules related to income tax will be changed. Finance Minister Nirmala Sitharaman (Union Finance Minister Nirmala Sitharaman) announced these changes in Budget 2021. The new changes include exempting 75-year-olds from filing income tax, in addition to raising TDS and making big announcements on tax on EPF….