Page 12 - Digi notes general awareness
P. 12
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Road named after Satyajit Ray Dharani in Kolkata
South Kolkata's Lee Road will be renamed Satyajit Ray Dharani after the legendary film
director, who lived in the vicinity, West Bengal Chief Minister Mamata Banerjee
announced.
Ray resided close to Lee Road on Bishop Lefroy Road for years till his death in 1992, and
many of his masterpieces were planned and conceived from this house.
Public Provident Fund withdrawal exempted from tax: Govt
Government made it clear that Public Provident Fund will not be taxed on withdrawal.
Revenue Secretary Hasmukh Adhia said in a statement that only the interest that accrues
on contributions to Employee Provident Fund made after 1st of April this year will be
taxed while principal will continue to remain tax exempt.
Mr Adhia elaborated that 40 percent of the interest accrued on contributions made after
1st April will be tax exempted and remaining 60 percent will be taxed.
The Revenue Secretary also clarified that this is not a revenue mobilisation exercise and
this 60 percent will also be tax exempted if it is invested in a pension annuity scheme.
www.mahendraguru.com
Road named after Satyajit Ray Dharani in Kolkata
South Kolkata's Lee Road will be renamed Satyajit Ray Dharani after the legendary film
director, who lived in the vicinity, West Bengal Chief Minister Mamata Banerjee
announced.
Ray resided close to Lee Road on Bishop Lefroy Road for years till his death in 1992, and
many of his masterpieces were planned and conceived from this house.
Public Provident Fund withdrawal exempted from tax: Govt
Government made it clear that Public Provident Fund will not be taxed on withdrawal.
Revenue Secretary Hasmukh Adhia said in a statement that only the interest that accrues
on contributions to Employee Provident Fund made after 1st of April this year will be
taxed while principal will continue to remain tax exempt.
Mr Adhia elaborated that 40 percent of the interest accrued on contributions made after
1st April will be tax exempted and remaining 60 percent will be taxed.
The Revenue Secretary also clarified that this is not a revenue mobilisation exercise and
this 60 percent will also be tax exempted if it is invested in a pension annuity scheme.
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