Articles by Rashmi

EPFO Board Meeting: Key decisions on higher pension, interest rates and more

Posted by Rashmi 28 March 2023 19923 Views

The board of the Employees’ Provident Fund Organisation (EPFO) is holding a two-day meeting 27th and 28thmarch 2023 to discuss a range of issues that woul

Key Amendments in India's Finance Bill 2023: A Focus on Taxation and Litigation

Posted by Rashmi 27 March 2023 4581 Views

The Finance Bill 2023 is a bill that includes tax proposals for the fiscal year beginning on April 1, 2023. It was passed by the Lok Sabha, the lower house of the Indian Parliament, on March 24, 2023. The Lok Sabha has passed the Finance Bill 2023 with 64 official amendments.

Maximize Your Retirement Benefits

Posted by Rashmi 24 March 2023 2625 Views

Invest Up to Rs 30 Lakh in Senior Citizen Savings Scheme Starting April 1, 2023 - Learn About SCSS, Tax Benefits, Withdrawals, and Interest Rates

High-value transactions in India: Tips for compliant tax filing

Posted by Rashmi 22 March 2023 3816 Views

The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.

Why do you get Income Tax Notice: Reasons and Remedies

Posted by Rashmi 20 March 2023 15494 Views

In this article, we will discuss the common reasons why you may receive an Income Tax notice in India and the remedies to avoid or address them.

Higher TCS on Foreign Remittances: What Parents Need to Know While Sending Money for Education Expenses

Posted by Rashmi 18 March 2023 8375 Views

The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.

Be Prepared: Income tax rule changes you should know for New Financial Year

Posted by Rashmi 17 March 2023 15453 Views

The Finance Act, 2020 has introduced a new tax regime which is now the default regime for Individuals, HUF, AOP (other than co-operatives), BOI & AJP.

Foreign Tour Packages Will Cost More Starting 1st July 2023: Tips to Book Smarter and Save

Posted by Rashmi 16 March 2023 9991 Views

Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%

Supreme Court Ruling on Input Tax Credit

Posted by Rashmi 15 March 2023 23384 Views

Supreme Court Ruling on Input Tax Credit: The Importance of Proving Genuineness of Transactions and Physical Movement of Goods

Don't Miss Out on Higher Pension Benefits: Check Your EPFO Records Today

Posted by Rashmi 11 March 2023 10468 Views

If you are a member of the Employees' Pension Scheme (EPS), it is important to ensure that your service history is updated accurately in the Employees' Provident Fund Organisation (EPFO) records. This is because your service period is part of the formula to calculate your pension once you reach 58 years old. A gap in your service history can lower your pension amount.