The Central Board of Direct Taxes (CBDT) has notified the  Provision for Calculation of taxable interest relating to contribution in a Provident Fund (PF) exceeding specified limit, which will be effective from 1st April, 2022.

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the addition shall be made in respect of the employee’s contribution to Employee State Insurance (ESI) and Provident Fund (PF) which has not been deposited

Q: I am Savita. Five years ago, my husband has purchased a house in my name. We are going to sell it.I would like to know upon whom the tax liability arise. I am a

Taking a big leap towards ensuring uniform standards of service delivery across the country and optimum utilization of its workforce during COVID-19 Pandemic, EPFO has recently launched a multi-location claim settlement facility. This facility will

The Central Government vide notification no. G.S.R.793(E) issued on 26th October 2023, based on the recommendations of the Goods and Services Tax (GST) Council  has notified the rule for Appointment and Conditions of Service of

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the claim of deduction of contribution to Employee’s State Insurance Scheme (ESI) and Provident Fund u/s.36(1)(va) could not be denied to the assessee for

The Central Government today notified that interest rate of 7.6 per cent would be applicable to Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds. The rate is applicable with effect from 1st January,

The Ministry of Corporate Affairs (MCA) notified (Recruitment, Salary and other Terms and Conditions of Service of Staff Car Drivers) Rules, 2020. The rules include various provisions related to application, constitution, number of posts, method,

The month of September is all set to bring a lot of changes in new rules and regulations pertaining to  PF, GSTR-1, SEBI. The below enlisted changes will have an impact on the day-to-day life

In a significant ruling, the ITAT Delhi held that approval by the Commissioner of Income Tax is not a mandatory requirement to allow deduction of contribution towards EPF under section 38(1)(iv) of the Income Tax

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), has held that TDS credit was allowed if it was not claimed in subsequent year. The assesee alleged against the order confirming the disallowance of

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) has held that Provident Fund dues paid after due date under statute but before filing Income Tax Return (ITR) deductible from business income. While

The Ministry of Finance vide Financial Services No. 1/8/2021-PM notified the amendment of Investment guidelines for the Non-Government Provident Funds on 24th August 2023. In the official communication from the Government of India, Ministry of

The Reserve Bank of India (RBI) has notified the RBI Employees’ Gratuity and Superannuation Fund (Amendment) Regulations, 2021, which shall come into effect from March 31, 2021. As per the regulation, in Regulation 2, for

This is the time most of the taxpayers are looking for suitable tax savings schemes to calculate their tax liabilities and claims which can be made during Income Tax Return (ITR) filing. While the government