12/04/2017
GDS as Officiating Postal Assistant in Recommendations by Committee
NUGDS ,NAPE Gr-C & FNPO only gave this proposal before GDS Pay Committee.We furnished the Memorandum below which was submitted to Pay Committee.
Cabinet to adjudge on 7th CPC revised allowances before April 23 -
Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads –F.M.
Read more
Read More
Tax on National Pension Scheme -
MODE OF SALARY PAYMENT AT OUR OPTION
Postal software Meghdoot helps department detect note exchange fraud -
Your bank, other financial accounts may be blocked if you don't link them with Aadhaar by April 30
Accounts opened from July 2014 to August, 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30 and self-certify them to comply with FATCA regulations (Foreign Tax Compliance Act), the tax department said on Tuesday.
In case the account holders are unable to furnish details and provide self-certification by the new deadline, banks and financial institutions have the option of blocking the accounts.
Once the details are furnished they can operate the accounts. The provision applies to accounts which come under the ambit of FATCA regulations.
Banks and financial institutions were asked to obtain self-certification and carry out due diligence for all individual and entity accounts opened from July 1, 2014 to August 31, 2015 to comply with the Foreign Account Tax Compliance Act (FATCA) pact signed by India and the United States.
In July 2015, India and the US signed a tax information sharing agreement under a new US law, FATCA, aimed at bolstering efforts for automatic exchange of financial information between the two nations about tax evaders.
"The account holders may be informed that, in case self-certifications are not provided till April 30, 2017, the accounts would be blocked, which would mean that the financial institution would prohibit the account holder from effecting any transaction with respect to such accounts," the tax department said in a statement.
Tax officials said that the accounts would include banks, insurance, stocks. Account holders will also have to mention their Aadhaar numbers.
Source : The Economic Times
11/04/2017
Now Post Offices , Banglore one centres to accept e -waste in the City -
Time schedule for Grant of financial upgradation under MACP Scheme -
Be Prepared! Petrol, Diesel Pumps may remain closed on Sundays from May -
7th Pay Commission – Central Government employees disappointed as Committee on Allowances delays final report -
Read more
Transfers /Postings of regular Higher Administrative Grade (HAG ) officers of Indian Postal Service , Group 'A' -
RBI is not against the HRA hike as per 7th Pay Commission recommendations; Analysis Click here to view
No comments:
Post a Comment