EPFO clarifies on TDS for payment of Provident Fund
EPFO has recently issued a clarification on 20 May 2019, that Tax need not be deducted at source on payment of accumulated balance which are due and have become payable to the employee participating in recognised provident fund as per Rule 8 of Part – A Fourth schedule of the Income-tax Act, 1961 under the […]
RBI released Draft Liquidity Risk Management Framework for NBFC and CICs
The Reserve Bank of India has issued draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies (NBFCs) and Core Investment Companies (CICs)” on May 24, 2019, for public comments. The Framework will be adopted by: all deposit taking NBFCs non-deposit taking NBFCs with an asset size of ₹ 100 crore and above all CICs registered […]
