On 20 October 2014, the Indian Provident Fund Authorities issued a circular clarifying the procedure for paying social security benefits into an overseas bank account for International Workers. Until now it has only been possible to request that benefits are paid into an Indian bank account. Now, International Workers coming from a country with which India has a Social Security Totalization Agreement in force, which allows the export of benefits, will be able to request that benefits are paid into an overseas bank account.
Friday, 7 November 2014
Payments of Indian social security benefits to International Workers
On 20 October 2014, the Indian Provident Fund Authorities issued a circular clarifying the procedure for paying social security benefits into an overseas bank account for International Workers. Until now it has only been possible to request that benefits are paid into an Indian bank account. Now, International Workers coming from a country with which India has a Social Security Totalization Agreement in force, which allows the export of benefits, will be able to request that benefits are paid into an overseas bank account.
Subscribe to:
Post Comments (Atom)
P&H HC holds exporter eligible for refund of interest paid under Rule 96A on subsequent realisation of export proceeds
This Tax Alert summarizes a recent ruling of the Punjab & Haryana High Court (HC) 1 on the validity of paragraph 4.6 of Circular No. ...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
Facts Centrica India Offshore Private Limited (CIO), an Indian Company, is a wholly owned subsidiary of Centrica Plc, UK Centrica Plc a...
-
The Tax Audit season has started and it’s the time when the Assessees rush to their Chartered Accountants (CA) to get their Tax Audit d...
-
SREI Infrastructure Finance Ltd vs. ITSC (Delhi High Court) The assessee entered into a scheme of arrangement u/s 391-394 of the Compani...
-
Facts The taxpayer, a partnership firm, derived income from the business of handling and transport of ship containers, customs clearing a...
-
M/s. Alpha Projects Society P. Ltd vs. DCIT (ITAT Ahmedabad) In AY 2005-06, the assessee made payments to contractors & for professi...
-
01. TDS u/s 194J is required to be done for Royalty also w.e.f 13-7-2006. 02. Royalty had been defined under explanation 2 of se...
-
E very non-resident individual or organisation should obtain a Permanent Account Number (PAN) number if they receive an income and...
-
F.No.354/66/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs...
No comments:
Post a Comment