TDS to be deducted on annuity payable to OCIs & NRI NPS subscribers – PFRDA
Pension Fund Regulatory Authority of India has clarified that the annuity payable by the Annuity Service Providers (ASPs) to NRIs and OCIs NPS subscribers will be taxed
GConnect is now available on Google Play Store. Download now!! 
Browsing Tag
tax
Tax benefits of the national pension system
The National Pension System (NPS) is a defined contribution retirement scheme administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), Government of India. Any citizen of India aged between 18-65 years as…
Government may introduce a tax on cash withdrawals exceeding Rs.10 lakh a year
The government might introduce a tax on cash withdrawals exceeding Rs 10 lakh a year, according to a report by The Times of India. The move will help the government clamp down on black money and promote digital payments.
Another proposal…
Changes in Form 16 for the financial year 2018-19
Form 16 is the annual salary TDS (tax deducted at source ) certificate issued by an employer to employee. It consists of 2 parts, Part A and Part B. Part A contains the employer, employee and employment details such as PAN, address, summary…
Purchase of laptops/notebooks and similar devices for eligible officers – Instructions
Instructions for the purchase of laptops/notebooks and similar devices for eligible officers – Clarification regarding admissibility of Taxes/GST on the price ceiling.
Save tax on home rent even without House Rent Allowance (HRA) benefit
Save tax on home rent even without House Rent Allowance (HRA) benefit
Government likely to withdraw tax notice on free banking services
The tax department will likely withdraw a show-cause notice issued to several banks asking them to pay the service tax on ‘free services’ provided to customers, following the finance ministry’s intervention.