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PF withdrawals get simpler
To learn more about sample forms download the attachments;
ESI - Get Clean in a SPREE !
To lean more about ESIC Spree download the attachment;
PF Amnesty Scheme
The circular is attached for your reference.
Section - 2, Income-tax Act, 1961-2016-Definitions
(15) "charitable purpose" includes relief of the poor, education, 9[yoga,] medical relief, preservation of environment (including watersheds, forests and wildlife) and preservation of monuments or places or objects of artistic or historic interest, and the advancement of any other object of general public utility:
10[Provided that the advancement of any other object of general public utility shall not be a charitable purpose, if it involves the carrying on of any activity in the nature of trade, commerce or business, or any activity of rendering any service in relation to any trade, commerce or business, for a cess or fee or any other consideration, irrespective of the nature of use or application, or retention, of the income from such activity, unless—
(i) such activity is undertaken in the course of actual carrying out of such advancement of any other object of general public utility; and
(ii) the aggregate receipts from such activity or activities during the previous year, do not exceed twenty per cent of the total receipts, of the trust or institution undertaking such activity or activities, of that previous year;]
FCRA - Goes further online !! NGO's - Now to have Higher Disclosure Norms
FCRA, essentially a Security legislation administered by the Ministry of Home Affairs to see that the Charity route of foreign funding is not a threat to National security. In recent months, it has come under controversy. On the one hand alleged to be an instrument to control activists funded from overseas as also for mass cancellation of registrations due to non-compliance of return filing as per FCRA obligations. The NGO community have also had their own concerns on the quality and efficiency of FCRA administration such as returns filed but not received by the FCRA Dept, the protracted processes of obtaining registration or renewals or any issue resolution.
On December 14th, 2015, the FCRA was amended to mandatorily bring it online only, be it for Registration, renewals or return filings. Higher disclosure requirements by the NGO and their Banker who receives foreign funds and online intimation of any material changes in the NGO's governance and administration.
The Notification is attached herewith for your ready reference.
West Bengal Professional Tax Return Frequency and Timeline
West Bengal Professional Tax department has notified through its Gazette Notification that the Return filing to be made Annually. . Earlier frequency for filing of Professional Tax return was on a Quarterly basis which is now amended to Annual. Now Companies need to file their Professional Tax annual returns on or before 30th April, which is within one month from the date of expiry of financial year.
This new change is effective from Financial year 1st April 2014 onwards, that means, The return filing for the year 2014-15 would require to be filed by 30th April 2015. However for the FY 2014-15, the government has extended timeline for electronic filing by 30th June 2015 and for physical return filing by 15th July 2015. Refer to the below link for extension of due date.
Extension of ITR filing due date FY 2014-15
Central Board of Direct Taxes (CBDT) has extended the due date for filing of Individual Income Tax returns for the Financial Year 2014-15 (Assessment year 2015-16) vide its Notificated dated 10th June 2015.
Copy of the Notification attached for reference.
Provident Fund Payment only through internet banking
GAZETTE OF INDIA: EXTRAORDINARY
MINISTRY OF LAB0UR AND EMPLOYMENT
New Delhi, the 5th May. 2015 [PART II-Sa. 3(i)1
G.S. R. 360(E).- In exercise of the powers conferred by section 5 read with sub- section (I) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees' Provident Funds Scheme, 1952, namely:-
J. (I) This Scheme may be called the Employees' Provident Funds (Second Amendment) Scheme, 2015.
(2) It shall come into force on the date of its publication in the Official Gazette.
2. In the Employees' Provident Funds Scheme, 1952 (hereafter referred to as Principal Scheme), in sub-paragraph (1) of paragraph 38 :-
(I) for the word, "by separate bank drafts or cheques", the words "electronic through internet banking of the
State Bank of India or any other Nationalised Bank authorized for collection" shall be substituted.
ii} for first and second provisos., the following shall be substituted, namely:-
"Provided that the Central Provident Fund Commissioner may for reasons to be recorded in writing, allow any employer or class of employer to deposit the contributions by any other mode other than internet banking" .
3. ln the Principal Scheme, for paragraph 48 the following paragraph shall be substituted as under:
"48. Current Account:- The Commissioner shall deposit the contributions received from the employers electronically through internet banking or any other mode other than internet banking in the Reserve Bank or the State Bank of lndia or any other Nationalised Bank in the Current Account of the Fund."
Further information is available in the below links:
https://www.onlinesbi.com/prelogin/epfohome.htm - For Online Payment
http://www.epfindia.com/ProcessFlowForOnlinePayment.ppsx - Process flow regarding Online Payment
http://www.epfindia.com/Banks_onlinepayment_gateway.pdf - For list of banks
Usage of DSC for all FCRA Forms
Ministry of Home Affairs has issued Circular No. 28022/59/(08)/2015/FCRA-I on June 3rd, 2015 stating that the department is planning to implement use of digital signature certificates for all FCRA purposes. Once implemented, all FCRA forms for registration, renewal, change intimation and annual returns to be signed digitally. The DSC used for filing Income Tax returns and other purposes can be used for FCRA purposes as well. The circular is attached herewith.
Change in PT Slabs – Maharashtra
|Salary for the month in Rs||Profession Tax for the month in Rs|
|Less than or equal to 7,500||Nil|
|7,501 to 10,000||175|
|10,001 and above||200 per month except for February (Rs. 300 for February)|
Notification extract Issue from Maharashtra is enclosed for your reference.