Changes in PF Transfer Process & 2 More

# 1 – Minor Change in PF Transfer Process
Transfer application can be submitted at either of the Employer

While the EPFO has been taking many steps to ease the PF Transfer & withdrawal process, this change – though Minor adds a lot of Flexibility to the employees wanting to transfer their PF accumulations from one employer to an other.

Read More About the Revised Process Here. Click Here.
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# 2 – TDS Exemption Circular For Employers – Rebate u/s 87A & Sec 80EE New Benefits introduced for FY 2013-2014

As we all prepare ourselves for the annual “Income Tax Document Verification” excercise in December / January, the detailed IT Exemption circular issued by the Income Tax Department dated 10th October 2013, we discuss 2 Major inclusions in this FY.

Detailed Explanation for the 2 Major Inclusions Here. Click Here.

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# 3 – Q-ETDS Compliance – Line Entries cannot be deleted
Deletion of Line Entry is not possible during Correction returns.

Since July, there have been many changes in the Q-ETDS returns filing procedure. Earlier, there was a possibility to delete in-correct line entries but since last 2 months this facility has been withdrawan. Any Deletion of the Line Entries is possible only by the assessing officer now. This applies for FY 2007-08 onwards.

See More Information Here. Click Here.
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