May 28, 2024

rectification of tds mismatch in form 26a

Tax Deducted at Source (TDS) deduction amount should be the same in Form 26AS and Form 16/16A. However, there might be inconsistencies in the TDS amount for various reasons, including clerical mistakes. Form 16 and 16A are tax credit statements confirming tax deductions from the income of an individual or company. Form 16 is issued annually on TDS from salary, and Form 16A is issued every three months for TDS on income from other sources. Form 26AS is a government record of the TDS deducted from an individual or company and deposited with the Income Tax (IT) Department. What is a TDS statement? Everybody who makes tax deductible payments must file quarterly TDS returns as applicable. This statement contains information about people who have received payment after tax deduction, or in other words, deductees. It also contains the nature of payment made to him and the tax deducted from his payment. These are called TDS statements. Based on such statements filed, the deductors generate Form 16 (TDS on salary) and Form 16A (TDS on other income) annually and quarterly respectively. What is Form 26AS? Generally, every entity (individual or company) that has deducted taxes must credit that amount to the government via banks. Banks must upload these TDS details into the Tax Information Network (TIN) central system. The deductors, parallely, would file quarterly statements to TIN, providing quarterly TDS details. Based on these details, the TIN central system matches information related to tax payment before converting into a comprehensive ledger for the concerned PAN. This is Form 26AS. Basically, Form 26AS statement provides a consolidated view of the total income earned by you as a deductee from various sources. It also includes the TDS/ TCS amount that has been deducted from your income and credited to Income Tax Department. Apart from tax deductions, you may also pay taxes by way of Advance Tax and Self Assessment Tax. All such tax related information appears in Form 26AS. Tax Collected Source Form 26AS Form 26 AS will equip information considering the tax deducted at source (TDS), tax collected at source (TCS). This form indulges info on tax deducted on your income by deductors, details of the tax collected by collectors, advance tax paid by the taxpayer, self-assessment tax payments, regular assessment tax installed by the taxpayers (Permanent Account Number holders) details of the refund gained by you meanwhile the financial year, and details of the High- value Transactions in order of shares, mutual fund, etc. Mismatch between TDS statement and Form 26AS TDS, or Tax Deducted at Source, is required whether you are a salaried employee or a company owner. Your employer is obligated to deduct TDS from your salary and deposit it with the government depending on the projected tax for the year. Similarly, if you are a company owner, your customer is obligated to deduct TDS and deposit it with the government at the current rates. Individuals and organizations that deduct TDS must have a TAN number, and when they deposit the TDS with the government against your PAN, it appears on your Form 26AS automatically. Technically, your TDS statement on Form 16 or Form 16A should exactly match Form 26AS. However, there may be situations when there is a disparity that causes a concern while submitting your returns. Reasons for TDS mismatch The TDS drawer has not yet submitted a TDS return. Invalid value specified in TDS return. Incorrect PAN number of employee cited by deductor. PAN and incorrect TAN number specified. Invalid Challan Identification Number for TDS Payment quoted in TDS Return. Invalid audit year is specified in the TDS return. Any TDS payment details removed from the TDS update. Challan-wise annexure TDS Statement does not specify employee details such as name or gender. Error TDS value claimed in review. False or excessive TDS return claimed. How the rectification of the TDS mismatches in Form 16 and Form 26AS is done? If the discrepancy is due to your employer’s error, he or she must complete the updated TDS Return with the relevant details. In the event of a tax credit dispute informed by the IT department errors should be corrected online via the IT e-filing portal. The TDS (Source Taxes) should be properly similar to Form 26AS and Form 16 or 16A. However, sometimes there may be inconsistencies for several reasons, including clerical error. Forms 16 and 16A are tax credit statements that confirm tax deductions on an individual or company’s income. Although Form 16 is issued annually by TDS from salary, Form 16A is issued every 3 months to TDS with revenue from other sources. Form 26AS, on the other hand, is a government tax record that is levied on an individual or a company and submitted to the Tax Department. Once TDS or TCS (Tax Collected at Source) has been deducted from your income, the person in charge of deducting TDS or TCS must submit the amount collected to the IT Department. In some cases, if the employer did not submit the amount to the department on time, it is possible that the TDS specified in Form 16 or 16A will not comply with Form 26AS. To file your income tax return, the tax credit in Form 26AS and Form 16/16A must be the same. In calculating taxes, it is important to know the TDS already deducted from your salary so that any additional tax on other earnings is determined accordingly. If excess TDS is caught, you may also be liable for a return from the department. If there are differences in Form 26AS and Form 16/16A tax credit calculations, and you have not adjusted them in time, the taxpayer will consider the amount in Form 26AS in the figures. Rectification of TDS mismatch in Form 26AS Intimate the employer responsible for deducting TDS from your income. If the reason for the discrepancy is a mistake on the part of your employer, it is easier and faster for them to make corrections. The employer must complete the updated TDS Return. Make

rectification of tds mismatch in form 26a Read More »

Assam Income Certificate

Income certificate is an important document issued to Indian citizens that state their annual income. Income certificate is used to make the citizens of a State eligible for various schemes offered by the Central or State Government. Eligibility Criteria to get Income Certificate in Assam Eligibility Criteria to apply for Income Certificate in Assam are provided below. Applicants must be an Indian Citizen. Any resident of Assam who is employed and is required to produce an income certificate for any purpose is eligible. Importance of Income Certificate Income certificate is an essential document used to benefit from various civic welfare schemes. Eligible engineering students can provide an income certificate for fee-reimbursement. Students who wish to avail scholarships have to apply for income certificate every year. Agriculture Income Certificate helps to obtain loans in banks. Documents Required to get Income Certificate in Assam Address Proof  [Mandatory] Identity Proof  [Mandatory] Land Revenue Receipt [Mandatory] Salary Slip [Optional] Any other document  [Optional] Upload Scanned Copy of the Application Form [ Mandatory (incase of applying from PFC/CSC)] Fee Details Service charges Rs. 14 Printing charge of Income Certificate Rs. 5 Scanning charges Rs. 5 District e-Governance Society (DeGS) charges Rs. 6 Apply for Income Certificate Online Step 1: The applicant needs to visit the official portal of Government of Assam to apply for the Income certificate. Step 2: On the home page, you have to click on the “Downloadable E- Forms with Supporting Documents” link. Then select the application form of Income Certificate. Step 3: Download the application form and take print of the form. The application form is given below for the reference: Step 4: Now, you have to fill all the necessary details in the application form correctly. Step 5: Then affix all the required documents with the application form. Step 6: After completing the application successfully, submit the application form to the concerned authority along with required documents. Processing Time The income certificate by the concerned officer after certain verification will be issued within 10 days. The applicant needs to visit the office of concerned authority for an income certificate. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta

Assam Income Certificate Read More »

Banking Ombudsman

Banking Ombudsman is a quasi-judicial authority created in 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks. The Banking Ombudsman Scheme was first introduced in India in 1995 and was revised in 2002. The current scheme became operative from 1 January 2006, and replaced and superseded the banking Ombudsman Scheme 2002. Presently the Banking Ombudsman Scheme 2006 (As amended up to July 1, 2017) is in operation. From 2002 until 2006, around 36,000 complaints have been dealt by the Banking Ombudsmen. There are 22 regional offices of Banking Ombudsmen in India. The latest offices are opened in Jammu, Raipur, Mumbai-II & New Delhi-III. The Banking Ombudsman is a relatively new term. To ensure you gain a better understanding of what it means and its roles and responsibilities, in this article, we will explain in detail what a Banking Ombudsman is and how it came into existence. We will also consider the purpose it was created for and the powers that it has been granted. What is a Banking Ombudsman? The Banking Ombudsman is a position created by the Government of India to address the issues and complaints of the customers. A senior, experienced official appointed by the Central Bank of India, that is, the Reserve Bank of India, to offer redress and offer amends, if possible, to the consumer complaints regarding the shortcomings in the banking sector.  In simple words, Banking Ombudsman is a designation, a position created by the Government of India that works as an RBI complaint number where the customers who are dissatisfied with the services received can lodge their complaints.  The formation of a Banking Ombudsman The RBI Ombudsman was created in the year 2006 by the Government of India. However, the Banking Ombudsman scheme was introduced in India way back in the year 1995. The scheme that is now in power was enacted in 2006, replacing the Banking Ombudsman scheme that came into being in the year 2002.  The 2006 RBI Ombudsman scheme has been amended till July 2017. Where are they appointed? Since a Banking Ombudsman redresses complaints regarding the deficiencies in the banking sector, it makes sense that they are appointed at all places where the RBI has branches. Therefore, Banking Ombudsman is appointed in all places where the Reserve Bank of India happens to have offices. Who can act as a Banking Ombudsman? The person should be of high standing in the Legal, Banking, Financial Services, and/or Public Administration to be appointed to this post. A Banking Ombudsman is appointed for three years. In case an extension of tenure is granted, the extension cannot exceed more than two years. This extension is subject to the upper age limit of 65. The RBI has thus appointed Banking Ombudsman at the following places: New Delhi, the national capital of India Mumbai, the financial capital of India Patna, the capital of the state of Bihar  Guwahati Chandigarh Jaipur Ahmedabad  Bengaluru  Bhopal  Bhubaneswar  Chennai  Hyderabad  Kanpur Thiruvananthapuram  People of these cities can easily avail the services of a Banking Ombudsman who is appointed as an RBI complaint number. The roles and responsibilities of the Banking Ombudsman A Banking Ombudsman is responsible for matters relating to non-payment or delay in collection of cheques, bills, drafts, etc. He/she is also responsible for matters concerning the non-acceptance of small denomination notes or coins without sufficient cause or justified reason. He is also responsible for registering complaints and ensuring action if someone is charging fees for such services. Failure to issue or delay in issues of banker’s cheques, non-adherence to working hours; failure of banks in providing a banking facility promised by giving in writing; failing to honour guarantee or letter of credit commitments all fall under the ambit of the responsibilities of a Banking Ombudsman. Matters relating to non-acceptance of payments towards taxes as prescribed by the RBI or the Government of India or forced closure of deposit accounts without prior notice and without sufficient justified reasons fall under the responsibilities of a Banking Ombudsman. A Banking Ombudsman receives complaints regarding non-adherence to any of the banking guidelines laid down by the RBI. It also looks after matters concerning maintenance of banking records and transactions, as well as maintenance of their accounts by OCI cardholders and NRIs. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp

Banking Ombudsman Read More »

DIN-Director Identification Number

A Company is a legal entity made of association of people having the same goal or purpose. A company doesn’t have any physical appearance but to run its work and affairs some natural persons are required. There could be a number of people but director are specially appointed by shareholders to manage the day to day affairs of the company. As per Companies Act 2013, every individual, who is the director of a company or who wants to be a director in a company needs to obtain the Director Identification Number (DIN). E-Form Purpose of Form Timeline Last Date to File Remark DIR-3 KYC KYC of Directors Annual Compliance 30th September 2024 Every individual who holds DIN as on 31st March 2024 and who has not filed DIR 3 KYC form previously or there is a change in email id and mobile number. DIR-3 KYC Web KYC of Directors Annual Compliance 30th September 2024 Every individual who have previously filed form DIR-3 KYC and there is no change in email id and mobile number. What is DIN Number and Where is DIN Used? DIN is a unique Director identification number allotted by the Central Government to any person intending to be a Director or an existing director of a company.   It is an 8-digit unique identification number which has a lifetime validity. Through DIN, details of the directors are maintained in a database. DIN is specific to a person, which means even if he is a director in 2 or more companies, he has to obtain only 1 DIN. And if he leaves a company and joins some other, the same DIN would work in the other company as well. Director Identification Number or DIN (MCA) is an 8-digit unique identification number, which is allotted by the central government to each individual who wants to be a director of any company or who already is a director of any company. Once allotted the DIN number has lifetime validity. With the DIN number government also maintain a database of all the director. An individual can have only one DIN but he can be the director of 2 or more companies. How to Apply for Allotment of DIN Number? The Procedure to apply for allotment of DIN number is very simple. First of all go through Section 153 of the Companies Act, 2013 and Rule 9 of the Companies Rules 2014, which provides the provision for applying for allotment of DIN number in MCA. Go Through the Following Procedure and Apply with DIN Application: First of all, go to the Ministry of Corporate Affairs (MCA) website i.e. http://www.mca.gov.in/ Now navigate to Home > MCA Services On the next page, find the E-Filing section and then click on ‘Company Forms Download’ On Next Page find Form DIR-3 under DIN Forms Section and Download it Now after downloading the form, fill it with all the asked details and attach a copy of each document listed below: Latest Photograph Government Approved Identity proof Proof of residence Specimen signature duly verified Once check the filled form and all the attachment again, and then sign the required documents using Digital Signature Certificate (DSC) Now, these documents have to be verified digitally by the director or Company Secretary or Manager, and CEO/ CFO of the company Now submit the form with the prescribed fees as per the official instruction How is DIN Number Allotted? The central Government and its delegated authority process and authenticate the received Form DIR-3. Among other things, they consider the rules given in Section 154 of the Companies Act, 2013 and Rule 10 of the Companies Rules 2014 (Appointment and Qualification of Director) when considering DIN number allotment to an applicant. By considering these rules and provisions the form will be processed and the DIN number will be allotted within a month. The central Government and its delegated authority to accept or reject the form and in the same matter, they communicate with the applicant using the electronics or any other medium of communication. Central Government Communicate t How to Make Changes in the DIR-3 Form? Whenever there are changes in the details provided in Form-DIR-3., the person has to inform the central government by filling the form Form-DIR-6. Download and fill the Form DIR 6 Now verify it using a Digital Signature Certificate (DSC) Get it digitally signed by the practicing CA or CS or CMA Submit it as per the given instructions Other Provisions Related to DIN: Within one month from receiving Director Identification Number, the director has to intimate about it to all the companies where he is working as a director. After receiving DIN from the director the company respected company has to intimate about the DIN of the director to the Registrar of Company within 15 days. If the director or company fails to comply with these provisions within the time period, then it will be considered a contravention of the law and the responsible party will be liable to punishment under the act Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 |

DIN-Director Identification Number Read More »

CSC Scheme

Common Services Centre (CSC) programme is an initiative taken by the Ministry of Electronics and IT and the Government of India. CSCs act as the access points for the delivery of different electronic services to villages across India.   CSCs are the service delivery points present in the rural India which are positioned as change agents, building rural capabilities and promoting rural entrepreneurship Objective of the CSC Scheme To provide centralised platform for delivery of various services in a transparent manner to the citizens. To expand the scope of delivery of G2C and B2C services to rural citizens. To promote collective action for the rural empowerment of society and to enable community participation. To enhance the institutional framework for project management, thereby, supporting the State and District administrative machinery and hand holding of Village Level Entrepreneur (VLEs) through local language Help Desk support. To enable the e-services under single technology platform, thereby making the service delivery at CSCs accountable, transparent, efficient and traceable. To increase the sustainability of VLEs through the delivery of e-services and encouraging women to join as VLEs. Services Provided in CSC Agriculture Services: Agriculture Services such as agriculture, horticulture, sericulture, animal husbandry, fisheries, veterinary. Education and training services: Education and training services such as school, college, vocational education, employment, etc. Health Services: Health Services such as medicine, health check-ups, medicines. Rural Banking and Insurance Services: Rural Banking and Insurance Services such as micro-credit, loans, insurance. Entertainment Services: Entertainment Services such as movies, television. Utility Services: Utility Services such as bill payments, online bookings. Commercial Services: Commercial Services such as DTP, printing, internet browsing, village level BPO. Eligibility The applicant should be a village youth above eighteen years of age. The applicant should have passed the 10th level examination from a recognized board with a minimum level of educational qualification. The applicant should be fluent in reading and writing the local dialect and should also have basic knowledge of English language. The applicant should have knowledge in basic computer skills. Documents Required Identity Proof: Copy of applicant voter ID card. Address Proof: Copy of applicant aadhaar card. Banks Details: Applicant bank pass book or cancelled cheque. · PAN card: Copy of applicant PAN card Resume: Copy of applicant resume Registration Procedure for CSC Scheme Step 1: Please visit the official website Common Service Centers (CSC) Scheme.Step 2: Click on “Apply” button displaying on the homepage.Step 3: Enter you aadhaar number, name, select the authentication type and further add the Captcha Text. Step 4: Click on “Submit” button to authenticate the details you have given.Step 5: After authentication, please fill the required details under the tabs, personal, residential, Kiosk, banking, document and infrastructure. Step 6: After filling the details, read all the terms and conditions given on the “Certifications” tab.Step 7: Review your details and click on “Submit” button to register yourself and an application ID will be generated.Step 8: You will receive an acknowledgment email regarding the successful completion of your application on your email address provided during the registration process. FAQs What is the CSC Scheme? The Common Services Centers (CSC) scheme is an initiative under the Digital India program, aimed at providing access to various electronic services to citizens in rural and remote areas of India. What services are offered through CSCs? Government to Citizen (G2C) services such as applying for government documents (e.g., Aadhaar, PAN cards), and utility bill payments. Business to Citizen (B2C) services like mobile recharges, DTH recharges, and ticket bookings. Financial services such as banking, insurance, and pension schemes. Educational services including online courses and skill development programs. Health services such as telemedicine and digital health consultations. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online Company Registration Services in major cities of India Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow Complete CA Services CA in Delhi | CA in Gurgaon | CA in Noida | CA in Jaipur | CA Firm in India RERA Services RERA Rajasthan | RERA Haryana | RERA Delhi | UP RERA Most read resources tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password |  internal audit applicability |  preliminiary expenses |  mAadhar |  e shram card |  194r |  ec tamilnadu |  194a of income tax act |  80ddb |  aaple sarkar portal |  epf activation |  scrap business |  brsr |  section 135 of companies act 2013 |  depreciation on computer |  section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration

CSC Scheme Read More »

National Food Security Act

The National Food Security Act (NFSA) 2013, which was passed on July 5, 2013, represents a paradigm shift in the aspect of food security, moving away from a welfare-based approach to one based on rights. Up to 75% of the rural population, as well as 50% of the urban population, are legally entitled to receive subsidised foodgrains through the Targeted Public Distribution System, according to the Act. Therefore, the Act covers almost two-thirds of the population in order to provide them with heavily subsidised foodgrains.  National Food Security Act The National Food Security Act fall into two categories: Priority Households (PHH) and Antyodaya Anna Yojana (AAY) households, each of which is entitled to 35 kg of food grains each month (5 kg per person per month). Wheat costs Rs. 2 per kg, rice costs Rs. 3 per kg and coarse grains cost Rs. 1 per kg. There has been no revision in the prices of the foodgrains in the Union Budget 2022. The PDS Issue prices of rice, wheat and coarse grains will continue to be sold at Rs. 3, Rs. 2 and Re. 1 per kg, respectively. Check the current year Union Budget 2024. The Act was signed into law on 12th September 2013 retroactive to 5th July 2013. The Act is in line with Goal Two of the Sustainable Development Goals set by the United Nations General Assembly. Goal 2 seeks sustainable solutions to end hunger in all its forms by 2030 and to achieve food security. The aim is to ensure that everyone everywhere has enough good-quality food to lead a healthy life. Schemes such as the Mid-Day Meal Scheme (MDMS), the Public Distribution System (PDS), and the  Integrated Child Development Services (ICDS) are included under the Act. The Act is being implemented by all the States and the Union Territories. Objective To provide for food and nutritional security in the human life-cycle approach by guaranteeing access to adequate quantity of quality food at affordable prices for people to live a life with dignity. The Act provides for food and nutritional security in the human life cycle approach, by ensuring access to an adequate quantity of quality food at affordable prices for people to live a life with dignity and for matters connected therewith or incidental thereto. Salient Features of the NFSA The major features of the Act are described below: Coverage: The state-wise coverage was determined by the NITI Aayog based on the 2011-12 Household Consumption Expenditure survey of NSSO.  The Act legally entitled up to 75% of the rural population and 50% of the urban population to receive subsidized foodgrains under the Targeted Public Distribution System (TPDS). About two-thirds of the population, therefore, is covered under the Act to receive highly subsidized foodgrains. Entitlements: The food grains would be provided at highly subsidized prices under the Public Distribution System. The Act ensures nutritional support to women and children. Pregnant and lactating women would be entitled to nutritious meals, free of charge under the MDM and ICDS schemes. Children in the age group of 6-14 years would also be entitled to free nutritious meals under the MDM and ICDS schemes. Maternity benefit of not less than Rs.6000 is also provided to pregnant women and lactating mothers. The Act also empowers women by identifying the eldest woman of the household as the head of the household to issue ration cards. The Central Government aids the States to meet the expenditure incurred by them on transportation of foodgrains within the State and also handles the Fair Price Shop (FPS) dealers’ margins according to the norms. There is a provision of a food security allowance to the beneficiaries in the event of non-supply of food grains. Transparency: Provisions have been made to disclose the records related to the PDS to ensure transparency. Eligibility and Coverage The NFSA defines the term eligible households through two significant categories: Households covered under the Antyodaya Anna Yojana (AAY) HousFamiliesmed as priority households under the Targeted Public Distribution System (TPDS). The Central Government determines the coverage of eligible households in rural and urban areas under the TPDS. This is based on the latest census figures collected by the Government. The entitlements of eligible household members would extend up to 75% of the rural and 50% of the urban populations. The State Government is responsible for determining and identifying eligible households in the NFSA. Moreover, the State Government is required to frame guidelines and update the list depicting eligible households to be covered under the TPDS. Who are the beneficiaries of the National Food Security Act? he Act covers two-thirds of the entire population under two categories of beneficiaries: Antyodaya Anna Yojana (AAY) households Priority Households (PHH) AAY households encompass the households headed by widows or disabled persons or persons aged 60 years or more with no assured means of subsistence or societal support. It usually takes into account the households of those below the poverty line too. It also includes support for women and children. NFSA gives the right to receive food grains at subsidized prices to people belonging to eligible households, i.e., the PHH. A major section of the ration cardholders in the priority sector comes under this category. This is an effort to alleviate poverty. The work of identification of eligible households within the coverage under TPDS determined for each state is to be done by the states and the UTs. Food Entitlements For Women and Children- The NFSA give specializes in nutritional support offered to women and children. Every pregnant and lactating woman is entitled to a meal free of cost through the local Anganwadi. This will apply to women during pregnancy and will last up until 6 months after childbirth. Additionally, the Central Government has prescribed offering INR 6,000 and more as maternity benefits through installments to such women. The NFSA also ensures that every child up to the age of 14 is covered under the Act. The following are prescribed by the NFSA to fulfill the nutritional needs of a child: Children of ages between 6 months to 6 years are entitled to receive age-appropriate meals from

National Food Security Act Read More »