Saket Kumar Singh (FinWealth)

Retirement fund body Employees Provident Fund Organisation (EPFO) has allowed full and final  withdrawal  of  funds  by the subscribers from their pension  account without providing  Aadhaar  number.  "All those members filing claims for withdrawal of funds from their pension account would not be required to submit Aadhaar as mandated in an earlier order of the EPFO," a senior official said.  The members with less than 10 years of service can submit a full and final settlement claim through Form 10C to withdraw the amount accumulated in their pension account.  However, the official said that the members submitting claims for fixing their pensions using Form 10D would be required to submit Aadhaar number or enrolment slips.  Explaining about the reason for giving this breather to the members, the official said, "The requirement of submitting Aadhaar number under Form 10C claims led to issues in settlement of withdrawal cases. Thus, it is decided that obtaining Aadhaar sh

Recently , The central board of excise and customs (CBEC) launched a goods and services tax (GST) app on Thursday to facilitate a smooth transition to the new indirect tax regime for taxpayers.  From helping taxpayers in the migration to GST, providing toll free numbers and videos and reading material on GST to putting up draft laws and rules, the app called the CBEC GST app aims to help taxpayers and address their concerns about the new indirect tax regime.

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