Latest Updates on PF | Rajput Jain & Associates

Understanding PF Withdrawal vs. Pension (EPS) Claim

Understanding PF Withdrawal vs. Pension (EPS) Claim How employees often withdraw their Employees Provident Fund but ignore the Employees’ Pension Scheme component, risking their eligibility for pension benefits. PF Contribution Breakdown : Employee Contribution (12% of Basic Pay) → Entirely goes to EPF. Employer Contribution (12% of Basic Pay) → Split into: 3.67% to EPF …

Corporate and Professional Updates

corporate and professional update dec 13, 2016

Professional Update for the Day: DIRECT TAX: Reopening u/s 147 of the assessment is not valid if the reasons recorded are incoherent and do not indicate what the basis for reopening is – Delhi High Court in Sabharwal Properties Ind Pvt. Ltd vs. ITO. Continuous payments made to transporters would be aggregated to consider TDS …

Others

CORPORATE AND PROFESSIONAL UPDATE DEC 12, 2016

Professional Update For the Day: Direct Tax:- Section 50C does not apply to transfer of land and building, being leasehold property the issue before the tribunal was whether section 50C of the act would be applicable to transfer of leasehold rights in land and buildings. CIT vs. Greenfield Hotels & Estates Pvt. Ltd (Bombay High Court). …

Direct Tax

CORPORATE AND PROFESSIONAL UPDATE OCT 15, 2016

CORPORATE AND PROFESSIONAL UPDATE OCT 15, 2016 Direct Tax:- Telecommunication expenses, insurance charges, personnel expenses, professional expenses, branch office expenses and other expenses incurred in foreign exchange – exclusion from the export turnover for the purpose of computing deduction under Section 10B – Held that – In the instant case, the order for software and …