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The board of the Employees’ Provident Fund Organisation (EPFO) is holding a two-day meeting 27th and 28thmarch 2023 to discuss a range of issues that woul
The Finance Bill 2023 is a bill that includes tax proposals for the fiscal year beginning on April 1, 2023. It was passed by the Lok Sabha, the lower house of the Indian Parliament, on March 24, 2023. The Lok Sabha has passed the Finance Bill 2023 with 64 official amendments.
Invest Up to Rs 30 Lakh in Senior Citizen Savings Scheme Starting April 1, 2023 - Learn About SCSS, Tax Benefits, Withdrawals, and Interest Rates
The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.
In this article, we will discuss the common reasons why you may receive an Income Tax notice in India and the remedies to avoid or address them.
The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.
The Finance Act, 2020 has introduced a new tax regime which is now the default regime for Individuals, HUF, AOP (other than co-operatives), BOI & AJP.
Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%
Supreme Court Ruling on Input Tax Credit: The Importance of Proving Genuineness of Transactions and Physical Movement of Goods
If you are a member of the Employees' Pension Scheme (EPS), it is important to ensure that your service history is updated accurately in the Employees' Provident Fund Organisation (EPFO) records. This is because your service period is part of the formula to calculate your pension once you reach 58 years old. A gap in your service history can lower your pension amount.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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