Stay updated with breaking news from ணங்கிய ஆண்டர்சன். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Read more about CBDT relaxes requirement of remunerating fund managers of offshore funds on Business Standard. The board s permission will be required from FY21-22 if fees paid to the manager are lower than the prescribed amount ....
× Third instalment of advance tax down only 17.6% as on Dec 15 against 22% at the start of Nov Direct tax mop-up is showing signs of improvement with the third instalment of advance tax collections down only by 17.6 per cent against 22 per cent at the start of November. “Initial indications, as on December 15, show that total net collection (gross minus refund) of direct taxes reached over ₹4.95 -lakh crore against ₹6.01-lakh crore on the corresponding date of 2019,” a senior government official said while clarifying that since bank- wise reconciliation is on, knowing the exact advance tax collection under the third instalment will take some time. ....
Readers’ Feedback The introduction of Portfolio on Sundays has received an overwhelming response. We thank our readers for the appreciation and the useful suggestions. I have been an avid reader of The Hindu BusinessLine and Portfolio for many years and have always appreciated your deep dive analysis, and data-driven and research-backed presentation. Moving the edition to Sunday can, in a way, set the tone for the week ahead on how to position one’s money decisions. The first Sunday edition on December 6 was, as expected, very well put together. The Big Story by Aarati Krishnan and Chart Gazing sections were engaging reads. With one of the finest editorial teams, I look forward to your future editions. ....
New code of wages: Your provident fund and gratuity components are set to rise But if your salary is over Rs 15,000 the new Code of Wages may not materially impact your salary December 21, 2020 / 08:08 PM IST Your provident fund (PF) component and gratuity pay-out are set to increase once the new code of wages gets implemented from April 1, 2021. This is because the definition of ‘wages,’ based on which employers deduct provident fund contributions, will now be standardised as per the new Code of Wages, 2019. The Code of Wages is a part of four labour codes that resulted from the merging 29 out of the 44 central government labour laws. The erstwhile acts that governed the employees’ provident fund (EPF) and gratuity will now be part of the Code of Social Security. But the calculation of your provident fund (your retirement kitty) will depend on the new definition of wages as per the new Code of Wages, 2019. ....