Rent receipts to reduce tax cannot be faked anymore

Rent receipts to reduce tax cannot be faked anymore

April 8, 2017

Rent receipts to reduce tax cannot be faked anymore according to the Income Tax Dept, which is now insisting on proof such as electricity bill, water bill.

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EPF wage ceiling to be increased to Rs. 25,000

EPF wage ceiling to be increased to Rs. 25,000

April 7, 2017

EPF wage ceiling to proposed to be increased to Rs. 25000 by the EPFO which will bring an additional 1 crore formal workers under the social security scheme.

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new itr for ay 2017-18

New ITR for AY 2017-18 notified by the CBDT

March 31, 2017

The CBDT has notified new ITR for AY 2017-18 for Income Tax Returns. One of the major reforms is one page simplified ITR-1 which can be filed by an individual.

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Digitization of paper meal vouchers

Digitization of paper meal vouchers

March 27, 2017

The RBI has recently issued a draft on the use of prepaid instruments which has now called for digitization of paper meal vouchers provided by organizations

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ESI cashless treatment for emergencies re-introduced

ESI cashless treatment for emergencies re-introduced

March 27, 2017

The ESIC has decided to reintroduce cashless benefits for its members in case of emergencies which means direct admission to tie-up hospitals is now allowed

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Admin charges for PF has been reduced to 0.65%

Admin charges for PF has been reduced to 0.65%

March 27, 2017

According to the latest notification from the PF department, the admin charges for PF has been reduced to 0.65% from existing 0.85%.

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Aadhar card is not required for withdrawing pension

Aadhar card is not required for withdrawing pension

March 2, 2017

Aadhar card is not required for withdrawing pension. The EPFO has now allowed full and final withdrawal of funds by the subscriber without providing Aadhar card.

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File Validation Utility version 5.4 applicable from Feb 23rd, 2017

Changes in New File Validation Utility version 5.4 and 2.150

February 23, 2017

The ITD has released the new File Validation Utility version 5.4 applicable for quarterly filing of TDS/TCS statements & this is applicable from Feb 23, 2017.

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EPFO has made Aadhar Card mandatory

EPFO has made Aadhar Card mandatory for pensioners

February 17, 2017

EPFO has made Aadhar Card mandatory for pensioners and subscribers. The members have till the end of the month to provide Aadhar or enrollment number for PF

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Issuing of PAN instantly using Aadhar details

Issuing of PAN instantly

February 16, 2017

The CBDT is working on Issuing of PAN instantly based on e-KYC available from the Aadhar database, thus reducing the time of PAN generation to few minutes.

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