Daily Tax Updates

Updates:


1. 
Please update PAN detail http://appforms.icai.org/pan update/index.html by 27.4.17 to avoid blocking of e-filing account by Income tax dept.

2. Income Tax department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' which was launched with an aim to detect black money generation post demonetization.

3. Union ministry of finance has granted income tax exemption to Indian seafarers sailing aboard foreign ships outside India for more than 182 days a year. (CBDT) circular no. 13/2017.

4. GSTR-1 of a month can be filed within 10 days from end of month. It cant be filed from  11th to 15th as GSTR-2 to be filed in this period.

5. Service tax may move up from 15% to 18% under GST: Revenue Secretary Hasmukh Adhia. At present, the services sector is taxed at 14% with two additional cesses -- Swachh Bharat Cess and Krishi Kalyan Cess attracting half percent.