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Monthly Archives: December 2014

It is glad to update you with a significant changes in processing of Quarterly TDS Statements by Centralized Processing Cell (TDS) for providing its better services.These changes was done to avoid defaults that may be arise due to inadvertent data entry errors.on the basis of feedbacks received from many deductors to avoid defaults.

  • Hindu Undivided Family (HUF) is treated as a separate entity for the purpose of assessment under the income tax Act and Wealth tax Act.
  • HUF is automatically created after marriage as soon as child is born it is not arise through law or contract, it consist of father, sons, daughters. But wife is not the part of the HUF
  • Sons, daughters, father only have the Right to demand partitions

Any Employee whole join his/her first job and employer ask him to join EPF Scheme, She/he First though that enter in this scheme will cut off his in hand salary and it is not good because less salary will effect on his monthly expenditures. And they argue not to enter this scheme.Before recently amendment was done the limit to enter the scheme was limited to the person those earning through salary was Rs. 6500/- Per Month But after amendment more person covers in this scheme as the present limit is now 15000/- w.e.f.from 01.09.2014

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