As a result of the removal of all promoter directors from the board of directors by the national company law tribunal (NCLT), which was done to protect the firm from bad management, Atlas Cycle will now be run by a new group of individuals. Six independent directors have been appointed in the public interest to…
Read More “NCLT removes Atlas Cycles’ board and names six new directors.” »
In order to commemorate the enactment of the Customs Act of 1962, the Central Board of Indirect Taxes and Customs (CBIC), Government of India, held a celebration today. Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, served as the event’s Chief Guest, and Shri Pankaj Chaudhary, Union Minister of State for Finance, served…
Read More “CBIC honours the 60th anniversary of the Customs Act of 1962” »
Central bank digital currencies were a curiosity five years ago. They’re now a fad. In addition to the 11 that are already using them, more than 40 economies are running pilots or are in the preliminary development phase. As interest in these new-age payment tools grows, previously unasked questions about them begin to surface. Some…
If you pay income tax online, make sure the bank where you have an account has changed or migrated its Tax payment facility route. This is because the new income tax e-filing portal has begun accepting tax payments through the service of e-Pay Tax window on its own portal. Customers of specific banks who have…
Read More “use these banks’ accounts to pay income tax on the TIN NSDL website.” »
The provisional payroll data of EPFO released on 20th October, 2022 highlights that EPFO has added 16.94 lakh net members in the month of August, 2022. Year-on-year comparison of payroll data reflects an increase of 14.40% in net membership addition in August, 2022 as compared to the corresponding month during last year in 2021. Of the…
Read More “EPFO adds 16.94 lakh net members in the month of August, 2022” »
The provisional payroll data of EPFO released on 20th September, 2022 highlights that EPFO has added 18.23 lakh net members in the month of July, 2022. Year-on-year comparison of payroll data reflects an increase of 24.48% in net membership addition in July, 2022 as compared to the corresponding month during last year in 2021. Of…
Read More “EPFO Payroll Data: EPFO adds 18.23 lakh net members in the month of July, 2022” »
To curb tax evasion, the government has now increased its guard. A new rule has been made to prevent tax evasion from cash transactions across the country. The Central Board of Direct Taxes (CBDT) has issued a notification for this. It will be mandatory to provide PAN card details According to the notification of CBDT,…
Read More “Pan card mandatory for deposit and withdrawal more than 20 lakhs in a financial years” »
India Post has been announced the launch of Online services for the National Pension Scheme (NPS), a voluntary retirement saving scheme that aims to ensure everyone’s financial stability after retirement. Noe all eligible citizens can open an NPS account online without physically visiting any post office. The online service has been made available from April…
Read More “How to open NPS account online with the Post Office” »
The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January, 2022 as compared to the net additions during the previous month of December, 2021….
Read More “15.29 lakh new net customers were added by EPFO in January 2022.” »
On the International Women’s Day. Employees’ Provident Fund Organization (EPFO) has made a big announcement. The EPFO has asked all companies to provide 100% e-nomination facility for their women employees, so that they can be recognized and rewarded on Women’s Day. EPFO has tweeted and said, ‘Companies who have not been able to do e-nomination…
