October 29, 2020

Deadline for filing IT returns for 2019-20 is extended till 31st December,2020

To provide relief to the taxpayers, the government has extended the deadline for filing income tax returns (ITRs) for individual taxpayers for the financial year 2019-20 by one more month to December 31, 2020. In addition, the deadline for filing Income Tax Return (ITR) for taxpayers whose accounts are audited is extended till January 31, […]

World Economic Forum Study on new way of working : Robots could snatch 8.50 crore jobs in next five years

According to a study, robots will take away 8.50 crore jobs in the medium to large business houses in the next five years as a result of sweeping changes in working methods and workplaces due to Corona. In a survey of about 300 companies worldwide, four out of five executives said they plan to accelerate […]

The government will introduce a single window clearance system to attract foreign investors

The government is considering allowing single window clearance to attract foreign investors. Investors are also showing enthusiasm in this regard. More than six foreign investors said they were in talks with the government on the matter. These investors will also be allotted pre-determined land for setting up manufacturing units. This type of land can be […]

RBI : The government will not be able to intervene after the privatization of PSU banks

The plan was to make the privatization of banks attractive and to invite bids so that the central government would not interfere in the operations of banks. For this, steps will be taken to change the rules of the Reserve Bank. The government will not interfere in the operations of the banks that will be […]

The government is bringing scheme under ESIC for those who lose their jobs during lockdown

Good news for employees who lose their jobs during a lockdown. The government is coming up with a scheme to give them relief. Employees registered with ESIC (Employee State Insurance Corporation) will benefit under the Atal Bimit Vyakti Kalyan Yojana. If he loses his job during the lockdown, he can claim 50 per cent of […]

Government likely to announce LTA Tax exemptions Scheme for private sector workers

Recently, the LTC Cash voucher scheme has been launched by the Central Government for its employees. The government employees will be able to purchase at a discount. The government now wants to extend such benefits to private sector employees as well. An outline for this is being worked out, as per the sources. Private sector […]

EPFO Services : EPFO launches WhatsApp helpline service

Now you can find the solution to all the problems related to EPFO ​​on WhatsApp. Retirement fund organization EPFO ​​has launched a WhatsApp helpline service for its subscribers. According to a statement issued by the Ministry of Labor on Tuesday, the facility differs from other platforms in resolving EPFO’s grievances such as EPFiGMS portal, CPGRAMS, […]

Finance Minister Nirmala Sitaraman announces LTC Cash Voucher and Festival Advance Scheme

The central government today made a big announcement to boost the economy and alleviate economic hardships during the festive season. In this regard, Finance Minister Nirmala Sitaram announced the LTC Cash Voucher and Festival Advance Scheme. Under the scheme announced today, more than 1 crore employees of the Center will be given cash vouchers for […]

Industrial Relations Code 2020: Companies can convert their permanent employees into term contracts.

According to a recent provision made by the Central Government in the Industrial Relations Code 2020, various companies can convert their permanent employees into term contracts. However, such an employee will continue to get all the benefits and comforts that a permanent employee gets. The new law, which was notified last week, will bring huge […]

Know the process for withdrawing advance from your PF Account

Due to the Corona virus pandemic, the central government allowed the withdrawal of advance amount from the Employees Provident Fund i.e. EPF.  However, the government gave the exemption only for a certain period of time i.e. period  during lockdown and thereafter to alleviate the trouble of the people who were facing financial crisis or cash […]