![]() Employer registration can be either through statute mandate or voluntary.Īs per the PF Act, every company/organisation employing more than 20 individuals, including employees who are on contract, is mandatorily required to register under PF Act. Such contribution can be made only by those employers who are registered and employees of registered employers. It is a type of savings account where both employer and employee contributes an equal amount at regular intervals. Employee Provident Fund – A brief IntroductionĮmployee Provident Fund Scheme is one of the most useful employee beneficial scheme introduced by Ministry of Labour. ![]() The government has decided to retain the EPF interest rate of 8.5% for the financial year 2020-21. Gifting of digital assets will attract tax in the hands of receiver.Losses incurred from one virtual digital currency cannot be set-off against income from another digital currency. Loss from digital assets cannot be set-off against any other income.Ĥ. No deduction, except the cost of acquisition, will be allowed while reporting income from transfer of digital assets.ģ. Income from transfer of virtual digital assets such as crypto, NFTs will be taxed at 30%.Ģ. ![]() Infrastructure cost incurred on mining crypto assets will not be treated as cost of acquisition.ġ. Losses incurred from one virtual digital currency cannot be set-off against income from another digital currency.Ģ. Latest updates – Clarification on proposed Section 115BBH in Budget 2022ġ. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |