‘Chhaava’ declared tax-free in Chhattisgarh
The BJP government in Chhattisgarh has declared the recently released Hindi film “Chhaava”, based on the life of Chhatrapati Sambhaji Maharaj, tax-free in the state.
Month: February 2025
EPFO keeps interest rate at 8.25% for FY25, benefiting 300 million members
Central Board of Trustees (CBT) – the apex decision making body of the Employees Provident Fund Organisation (EPFO) on Friday kept the interest rate on the retirement savings accumulated by its nearly 300 million members unchanged at 8.25 per cent for the financial year 2024-25 This comes against the backdrop of ebbing stock markets and bond yields in the current financial year.
LIC receives ₹480-crore GST demand for FY21
State-owned insurer Life Insurance Corporation of India (LIC) on Thursday (February 27) said it has received a goods and services tax (GST) demand order from the Deputy Commissioner of State Tax, Mumbai, for the financial year 2020-21. The total demand, including GST, interest, and penalty, amounts to ₹479.88 crore.
Going abroad? How to handle your EPF when you move to another country
If you are moving abroad for work, it is important to manage your Employees’ Provident Fund (EPF) account before leaving. Once your employment in India ends, you are no longer eligible to contribute to EPF, making withdrawal an option.
Skoda-Volkswagen Case : Bombay High Court Asks Customs Dept To Explain How Show Cause Notice Isn’t Time-Barred
In Skoda Auto Volkswagen India’s petition challenging a tax demand of USD 1.4 billion by Indian Customs authorities, the Bombay High Court today asked the Customs Authority to file an affidavit explaining why the September 2024 show-cause notice issued to the company is not barred by limitation.
Kerala GST department issues guidelines for revised GST-TDS filing
The State GST (SGST) Department has asked government departments, agencies and local self-government departments to take note of the changes in GST-TDS return filing applicable from April 1, 2025.
Why NPS is better than EPF for tax saving under new tax regime
When evaluating retirement savings options under the new tax regime, the National Pension System (NPS) may present more favourable tax benefits compared to the Employees’ Provident Fund (EPF) when opting for the new tax regime.
Shree Cement faces ₹41 crore GST demand over valuation, excess Input Tax Credit
Rajasthan-based Shree Cement Ltd on Monday (February 24) said it has received a Goods and Services Tax (GST) demand order from the Deputy Commissioner, State Tax, Special Circle, Patna, Bihar, seeking a total of ₹41.10 crore, including tax, interest, and penalties.
Hungary announces tax exemption for mothers with 2 or more children
Hungarian Prime Minister Viktor Orban has announced income tax exemption for mothers of two or more children during his annual State of the Nation speech in Budapest, reported Reuters.