After the covid-19 crisis, the country’s economy is gaining momentum. This is confirmed by the March GST collection figures, which are 27% higher than in March 2020. Received 1.23 Lakh Crore Revenue According to the data of the Finance Ministry, the government received a gross GST revenue of Rs 1,23,902 crore in March 2021. Of …
The government announced a reduction in the interest rates of all small savings schemes like PPF, Sukanya Samriddhi on 31 March, and the decision has been withdrawn today. Finance Minister Nirmala Sitharaman has given information about this decision of the government from her own Twitter account. The Finance Minister has written that the interest on …
EPFO New Guidelines: Retirement Fund body, Employees Provident Fund Organization (EPFO) has given this facility to its employees earlier that if there is any mistake in their PF account then it could be rectified online. For this, you did not even have to make rounds of the office. According to the EPFO, you could improve …
If your account is in Post Office or you invest in post office schemes then this news is for you only. Now if you withdraw more money than the stipulated amount, then TDS can be deducted on it. This rule of withdrawing money applies to various deposit schemes ranging from PPF. These rules related to …
Link PAN- Aadhaar: If you have not yet linked your Permanent Account Number and Aadhaar Card, then this negligence is going to be very heavy on your pocket. For this, not only will you face a fine of Rs 10,000, but your PAN will also become illegal. For this, you have only 2 days left, …
Following measures have been taken for promotion of Micro, Small and Medium Enterprises (MSMEs) in defence production sector:- Cases with Acceptance of Necessity (AoN) cost < Rs 100 Crores are reserved for MSMEs, provided there are at least two or more MSMEs eligible to participate in the category. In order to encourage startups/MSMEs, procurement cases …
The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base with the addition of 13.36 lakh net subscribers during the month of January, 2021. Despite COVID-19 pandemic, EPFO added around 62.49 lakh subscribers during the current financial year. The data reflects growth of 24% for the month of January, 2021 over December, 2020. Year-on-year comparison of payroll …
Income Tax Rules Change: From April 1, 2021, many rules related to income tax will be changed. Finance Minister Nirmala Sitharaman (Union Finance Minister Nirmala Sitharaman) announced these changes in Budget 2021. The new changes include exempting 75-year-olds from filing income tax, in addition to raising TDS and making big announcements on tax on EPF. …
Ministry of Finance, in the past seven years has launched various Schemes which have special provisions for empowerment of women. These Schemes have financially empowered women to lead a better life and chase their dreams of being an entrepreneur. As we are celebrating International Women’s Day , today , on 8th March 2021, we take a …
In their continuous endeavour to uproot fake billing operations, officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi (East) achieved yet another success when investigations led to unearthing of a massive network of fictitious firms to generate and avail fake Input Tax Credit (ITC) of Goods and Services Tax (GST). The network of fictitious …