PERSONAL FINANCE

Residents Advised to Register or Update Mobile with Aadhaar No. for Easy Online access of Government Services

UIDAI has advised this in view of various applications of public use such as Digi-locker, eSign, eNPS, e-Hospital, e-verification of Income Tax Return (ITR), etc., being rolled out by the government departments using Aadhaar as identifier. Digi-locker, for instance, allows a resident to open a digital locker using his Aadhaar and keep all his valuable documents in that locker. Aadhaar eSign facility allows residents to use digital signature to avail a number of services online in a cashless, presence-less and paperless manner hassle-free. One can apply for a PAN card or update one’s PAN card online using Aadhaar based eSign facility. The e-Hospital service allows a resident to book appointment with Aadhaar in AIIMS or any other hospital online without standing in a queue. The income tax department allows residents to e-verify the Income Tax Return using Aadhaar and then no physical papers need be sent. All these services are using Aadhaar based OTP authentication and enabling resident to identify themselves and avail the services online, hassle-free and conveniently. (Read More)


INCOME TAX

Section 10(46) of the Income-tax Act, 1961 – Exemption – Statutoy Body/Authority / Commission – Notified Body or Authority [NOTIFICATION NO 63/2016, Dated: July 26, 2016]

The Central Government has notified Kerala Headload Workers Welfare Board, a body constituted by Government of Kerala, for exemption of the following specified income arising to that Board, namely:-

(a) levy collected under the Kerala Headload Workers Act, 1978 (20 of 1980) Kerala Headload Workers rules 1981 and schemes there under;

READ  No Swachh Bharat Cess on Services which are exempted vide order u/s 93(2) of Finance Act 1994

(b) registration fees collected from members registered with the board as beneficiaries;

(c) amount received in the form of grants-in-aid and loan from Government;

(d) interest income received from investment;

(e) sums received as deposit from employers as per Para 27 of Kerala Headload Workers (regulation of employment and welfare) Scheme 1983 formulated under section 13 of the Kerala Headload Workers Act, 1978 (20 of 1980);

(f) contribution from the members as defined in the Kerala Headload Workers Act, 1978 (20 of 1980) Kerala Headload Workers rules 1981 and schemes there under;

(g) interest on loans and advances given to staff of the board and workers; and

(h) sums received as wages from employers as per Para 24(a) and 24(b) of Kerala Headload Workers (regulation of employment and welfare) Scheme 1983 formulated under section 13 of the Kerala Headload Workers Act, 1978 (Kerala Act No.20 of 1980).