No pension fund has made investments in bonds rated below AA: Supratim Bandyopadhyay, PFRDA
Most pension fund managers follow their own investment guidelines which are stricter than what PFRDA has laid down, says PFRDA Chairman, Supratim Bandyopadhyay.
Exempt panel members from quarantine: MPs
“The biggest problem before our MPs in travelling for committee meetings are the quarantine rules. ...
Donald Trump threatens to pull tax exemption for schools, colleges
In his push to get schools and colleges to reopen this fall, President Don...
CBDT notifies amendment on tax exemption for Sovereign Wealth Funds for investment in infra
The Central Board of Direct Taxes notified the amendment, which was first announced in the Union Budget in February, and has widened the definition of infrastructure to include sub-sectors of transport, logistics, energy, water and sanitation, communication, social and commercial infrastructure.
Sebi provides exemptions for delisting of Ronson Traders
The equity shares of the applicant are listed on Calcutta Stock Exchange Limited (CSE), Sebi noted.
Exempted PF trusts disburse over Rs 481 crore under PM Garib Kalyan Yojana
Under the scheme, notified on March 28, members can avail non- refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to the member’s credit in the EPF account, whichever is less, to tide ove the financial crisis emerging out of COVID-19.
Govt exempts properties in Delhi's unauthorised colonies from income tax
The government had last year legalised unauthorised colonies in the national capital, giving house owners legal property rights. Now, the government has decided to give such owners exemption from payment of income tax.
Govt exempts FCI from provisions of Contract Labour Rules for 2 years
The move would benefit food storage depots of FCI across Uttar Pradesh, Madhya Pradesh, Delhi, Jharkhand, West Bengal, Punjab, Kerala, Tamil Nadu, Assam, Bihar, Haryana and Himachal Pradesh.
China wooes Bangladesh, provides tariff exemption for 97% of exports from Dhaka
Beijing is offering to waive off 97% tariff on 5,161 items that Bangladesh trades with China.
No exemption under any land-related Act for setting up a business enterprise: Chandra Mohan Patowary
State government claimed it has taken comprehensive steps to protect Assam's border and Smart Fencing in the disputed Latitila area is on the verge of completion. Likewise, Composite Fencing will be completed soon in Tukurgram, Jawainpur and Lakhi Bazar border areas along Indo-Bangladesh border.
Exempt current a/c held by traders from minimum balance norm, demands traders' body
The body further demanded that on the lines of Basic Savings Bank Deposit (BSBD) Account or 'no frills savings accounts, Basic Current Account with no criterion of minimum balance should also be introduced. FAIVM National General Secretary V K Bansal said there was no business in the lockdown period and economic activity was at the grassroots level.
Exporters likely to be exempted from ‘Tax at Source’
The budget proposal said that a seller of goods has to deduct TCS at the rate of 0.1% before making payments in excess of Rs 50 lakh. In cases where the buyer doesn’t have PAN or Aadhaar — which is the case with exports — the rate will be 1%.
Can I claim HRA tax exemption for rent paid to spouse while filing ITR?
You can certainly claim the rent paid to your wife as an expense for the part of the premises used for your business or profession but generally, it is more onerous to prove a commercial relationship between husband and wife.
Blanket exemption of late fee unfair to those who filed returns within due date: CBIC
The Central Board of Indirect Taxes and Customs (CBIC), in a series of tweets, said it had been explicitly clarified to stakeholders that the waiver of late fee was conditional upon filing the return of the said tax period by the due date.
Employees allowed to claim I-T exemption on conveyance allowance under new tax regime: CBDT
CBDT has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These include any allowance granted to meet the cost of travel on tour or on transfer, any allowance, whether, granted on tour or for the period of journey in connection with transfer, to meet the ordinary daily charges incurred by an employee.