.... Sources added around 15, 000 employees have so far submitted their leave encashment applications

" You encash it at any time of the day and night." Mr Kumar Jain, 63, whose family has run a shop

The government has notified uniform goods and services tax rate at 12% on MMF, MMF yarn, MMF fabrics and apparel, which has addressed the inverted tax structure in the MMF textile value chain, said government on Monday.... The taxation of inputs at higher rates than finished products created build up of credits and cascading costs.... The inverted tax structure caused effective increase in rate of taxation of the sector....

SINGAPORE-Two masterminds behind a$ 39.9 million SkillsFuture scam, the largest fraud against a public institution here, have been sentenced to a jail term of more than 31 years combined for cheating, forgery and money laundering offences, among others.Ng Cheng Kwee was sentenced to more than 17 years' jail, while his wife, Lee Lai Leng, was given a 14-year jail sentence on Monday( Aug 16), said the police. The scam targeted SkillsFuture Singapore( SSG), which oversees an initiative aimed at pro

The Central Board of Direct Taxes( CBDT) has released detailed guidelines concerning the alterations in the taxation of life insurance policies under clause( 10D) of Section 10 of the Income-Tax Act, 1961.... The Finance Act of 2023 amended Clause( 10D) of Section 10 of the Income-Tax Act, 1961.... Importantly, these new provisions will not apply to the sum insured received upon the death of a person....

The Income Tax department has signed 95 advance pricing agreements( APA) in 2022-23--the highest ever in any financial year since its launch in 2012.... " In FY 2022-23, CBDT recorded the highest ever APA signings in any financial year since the launch of the APA programme, signing a total of 95 APAs," the income tax department said in a statement.... Since its commencement in July 2012, the Indian APA programme has contributed significantly to the Government of India's mission of promoting ea

The Employees' Provident Fund Organisation( EPFO) is in the process of appointing an actuary firm for the purpose of providing consultancy services to it on matters related to insurance and staff pension cum gratuity.... The apex court had upheld the 2014 amendment to EPS, which caps the basic salary of an employee at Rs 15, 000 a month for the pension component derived from it to be calculated.... However, it invalidated the other amendment of an additional contribution of 1.16 per cent by em

ISLAMABAD: In a major move to facilitate overseas Pakistanis, the Federal Board of Revenue( FBR) on Monday dropped all its departmental appeals immediately filed over the last over seven years on the interpretation of law pertaining to availing of exemptions on foreign remittances. The controversy erupted when the FBR’s Inland Revenue Service field formations refused concessions in some situation on foreign remittances sent via Money Services Business( MCBs), Money Transfer Operations( MTOs) and

It would enable efficient online testing through an MCQ-based assessment, evaluating essential teaching competencies.... The test was developed in English and there was no time for its preparation.He said that 30 to 40 per cent of teachers could not use the android application on their phone and they were also not connected to any social media platform including Facebook and Whatsapp.... “ I love teachers who are competent.” He said there were 80pc of hardworking teachers and he had announced

Join our Whatsapp channelISLAMABAD/ WASHINGTON: The majority of Afghans who left Pakistan in April were living in the country illegally, according to data released by international agencies. The number of Afghans who left last month was the highest since September 2023, said a report released by the UN refugee agency, UNHCR, on Thursday. ADVERTISEMENTContinue to videoNextStayPlayback speed1x NormalQualityAutoBack720p360p240p144pAutoBack0. 25x0. 5x1x Normal1. 5x2x/ SkipAds by According to the rep