The Central Board of Direct Taxes (CBDT) has granted a 15-day extension for taxpayers involved in international or specified domestic transactions who need to file reports under Section 92E of the Income-tax Act. This extension aims to provide additional time for compliance with transfer pricing regulations. Deadline Extension and Requirements Originally, the deadline for filing …
Multiple important rule changes are set to impact daily life and finances across India starting December 1, 2024. These updates are designed to improve transparency, fairness, and financial management. Here’s a summary of the key changes: LPG Price Adjustments Oil marketing companies may adjust the prices of LPG cylinders each month based on international market …
The EPFO (Employees’ Provident Fund Organisation) has decided to reinvest 50% of the proceeds from redeeming its exchange-traded funds (ETFs) back into equity. This move, approved by its 42-member central board of trustees, aims to increase equity exposure and generate higher income for its nearly 70 million subscribers. Board Meeting Highlights First Meeting of FY24 …
Deadline Nears for UAN Activation and Aadhaar Linkage The Employees’ Provident Fund Organisation (EPFO) has mandated the activation of the Universal Account Number (UAN) and Aadhaar linkage by November 30, 2024. This requirement is crucial for employees and employers to access the benefits of the Employment-Linked Incentive (ELI) scheme, introduced in the Union Budget 2024 …
As Infosys rewards its employees with a performance bonus this November, many are contemplating how best to allocate this additional Infosys performance bonus income. While it’s tempting to indulge in extravagant purchases or splurge on luxury items, it’s important to remember that smart management of this bonus can have a far greater impact in the …
The Majhi Ladki Bahin Yojana, initiated by the Maharashtra state government in July 2024, aims to financially uplift women across the state. Under the scheme, eligible women receive a monthly stipend of Rs.1,500 to support their financial needs. Following the Mahayuti alliance’s victory in the Maharashtra Assembly elections, many beneficiaries are keen to know about …
The Subhadra Yojana is a transformative initiative by the Government of Odisha, aimed at promoting financial independence for women across the state. Launched on May 12, 2024, by Prime Minister Narendra Modi, the scheme allocates ₹50,000 over five years to eligible women. The program supports women’s self-reliance, aiming to elevate their socio-economic status. Here’s everything …
The Central Government has introduced the PAN 2.0 Project, an initiative by the Income Tax Department (ITD) to modernise and digitise the current Permanent Account Number (PAN) system. Approved by the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, the project aims to create a unified and user-friendly system for all …
Several states, including Maharashtra and Odisha, have introduced women-centric cash transfer schemes. While benefiting women, these programs also involve considerable financial commitments for state governments. Subhadra Yojana Phase 3 Details Recently, Odisha’s Subhadra Yojana has distributed ₹5,000 to 20 lakh women in its third phase, with over ₹1,000 crore transferred. The program aims to benefit …
The Odisha government has disbursed the 3rd phase of the first instalment under the Subhadra Yojana, providing ₹5,000 each to over 20 lakh women. The initiative aims to empower women through direct financial support. Transfer of Funds and Key Figures The funds were distributed during a public event in Sundargarh, Odisha. Chief Minister Mohan Majhi …
