A recent advance ruling issued by the Karnataka Authority for Advance Ruling covers multiple frequently asked questions and thereby assumes significance. The ruling is issued in Order No. KAR ADRG 30/20/04.05.2020 in a case where Mr. Anil...
The Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enrol in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA/2019/19/PDES/3 dated 29th October...
The Union Cabinet in its Meeting on 6th December 2018 has approved the following proposal for streamlining the National Pension System (NPS). Enhancement of the mandatory contributions by the Central Government for its employees covered under...
The Government of India has relaxed norms for National Pension Scheme ( NPS ). It has recently made three changes in the NPS including withdrawal norms. The details are as under: Partial withdrawal during the...
The provision that the withdrawal from National Pension Scheme (NPS) is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 vide Finance Act, 2016 by inserting clause...
In a Press release issued yesterday, the Ministry of Finance has clarified that, Amount Transferred from Provident Fund to National Pension System is not treated as Income of the Current Year and hence not Taxable....
© 2020 Taxscan | Simplifying Tax Laws
