Corporate

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What is Minimum alternate tax (MAT) The concept of MAT was introduced under Income Tax Act to tax companies making high profits and declare dividends to their shareholders but have no significant taxable income because of exemptions, deductions and incentives. The primary cause is not tax evasion or a lack of adequate government policies but…

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Government  to  Amend  EPF  Scheme,  1952  to  Enable  EPF  Members  to  Withdraw  upto  90  Percent  Fund  for  Purchase of  House  ​ The  Government  has  taken  a  decision  for  modification  in  the  Employees’  Provident  Funds  (EPF)  Scheme,  1952  to add  a  new  paragraph  68  BD  under  which  a  member  of  Employees’  Provident  Fund  (EPF),  being  a …

Read More EPF  Members  to  Withdraw  upto  90  Percent  Fund  for  Purchase of  House