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Home » Featured » EPF is not just the government on the back foot on 7 occasions, read
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EPF is not just the government on the back foot on 7 occasions, read

Tax
Tax

EPF is not just the government on the back foot on 7 occasions, read

#Cosmoread: Finance Minister Arun Jaitley in Parliament yesterday by stating EPF (Employees Provident Fund) tax on the interest earned on the decision was withdrawn. The government has taken this decision after strong opposition from the unions and institutions. However, this is not the first time when his government took a decision may retrace their steps.

Know what was the decision on EPF

Jaitley proposed 2016-17 budget in April 2016, taking 60 percent of the total amount of EPF spoke to the tax. The proposal was criticized by various organizations, and political parties.
The Finance Minister in the Lok Sabha has taken cognizance of the statement given, we found several memoranda to the overall review of the proposal to the government and therefore the proposal goes back. He, however, those in the national pension plan at the time of withdrawal will retain a 40 per cent discount.

What are some occasions in the past 21 months, the government appeared on the back foot

  1. Mnarega: Prime Minister Narendra Modi during a speech in the Lok Sabha, the Congress of the scheme was a big failure, but if we look at this budget, the government Mrnega the most money in the history of this time has been ensured.

  2. Based Bil: National Identification Authority of India Bill 2010 UPA, the BJP had rejected. Now the government to enact the base money in the name of the bill is introduced, which is exactly the same.

  3. Land Bil: UPA government by bringing the 2013 Land Ordinance bill had changed, to make it conform to the entrepreneurs. Now it is planning a retreat.

  4. Mat: minimum alternate tax for foreign investors, the government wanted to implement, so it is retreating.

  5. Form ITR income tax returns filed by the government in March 2015, decided to bring the new form. But after protests and the government response has been withdrawn. The government of the people had sought details of bank accounts and their overseas travel.

  6. Insurance Laws (Amendment) Bill Bilः BJP government at the time the insurance was not present. So it was when the government has promised to introduce in either house.

  7. Internet Porn Bana in August last year, the government had banned 850 pornographic websites. All reactions and protests, the government continued to ban child porn only lifted the ban on the rest.