Unutilised CGAS funds: Don't let 3-year exemption deadline trigger tax notice
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
The Employees’ Provident Fund Organisation (EPFO) has moved its entire member database to a centralised platform under the Centralised IT Enabled Services (CITES) project, Union Labour and Employment Minister Mansukh Mandaviya said on Wednesday. The move is aimed at making EPFO services faster, transparent and user-friendly. According to Mandaviya, the CITES project modernises EPFO’s service…
Brokerages have recommended subscribing to SBI Funds Management’s Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return ratios and reasonable valuation relative to listed peers. While most recommend the issue for long-term investors, some also see potential for listing gains. Agencies Add as a Reliable and Trusted News…
Delhi Lakshmi Yojana: The Delhi government is set to soon launch its flagship financial aid programme for women beneficiaries in the state. Initially rolled out by the AAP-led government, the current Chief Minister Rekha Gupta-led BJP government has rebranded the scheme from Mahila Samriddhi to Delhi Lakshmi Yojana. The scheme will be implemented by the…
A retired PSU employee got relief from the Income Tax Appellate Tribunal (ITAT), Pune, after tax authorities denied his leave encashment exemption solely because it was not reflected in his Form 16. Explaining the ruling on X, TaxBuddy founder Sujit Bangar mentioned that the ITAT held the exemption under Section 10(10AA) and it does not…
Thousands of salaried taxpayers rely on Form 16 and salary slips while filing their income tax returns. But what happens if an employer deducts tax from salary and never deposits it with the Income Tax Department? The issue has come into focus after an Income Tax Appellate Tribunal (ITAT) ruling involving a former Byju’s employee,…
New Delhi [India], July 12 (ANI): A potential NSE listing is positioned as the final step to “complete the trioka” of India’s market infrastructure, with forward-looking benefits expected in transparency, valuation discovery and global index inclusion, according to a research report by Jefferies. The report argued that an IPO would be a near-term catalyst. “NSE…