Daily Tax Updates

Tax Updates:

1. When the assesses has satisfactorily explained the delay in filing the return, he cannot be denied the claim for carry forward of loss without giving an opportunity of being heard. Region Infra & Services Pvt. Ltd. V. CBDT. High Court -MADRAS.

2. EXTENSION of Due Date for filing Service tax return, for half year ended in March, 2017, to 30.04.2017 (Sunday). CBEC Order no. 1/2017 dated 25.04.2017.

3. Under GST Every Registered person including a Composition Supplier, to keep & maintain separate account of Advances Received, Paid & adjustments made.

4. MCA's push to ease of doing business can help you incorporate your company within a day with DIN/ name Reservation/ Incorporation/ PAN/ TAN also reduction of fee from Rs 2000/- to Rs 500/-. 

5.  RBI announces the auction of 15-days Government of India Cash Management Bill. The auction will be conducted using "Multiple Price Auction" method.

6. United Bank of India invites application from practicing Firms of CA for empanelled as Concurrent Auditor and Revenue Auditor of the Bank branches. The Firm should be in RBI empanelment. submit application online latest by 12.05.2017 up to 5.00 p.m.

7. Indian Bank’s Association (IBA) invites applications from Cost Accountants/ Chartered Accountants Firms for Forensic Audit assignments. Last date is 09.05.2017.

8. ICAI Revised requirement ( with effect from the test to be held in June 2017 onwards):
A candidate for the Information System Audit (Assessment Test) shall ordinarily be declared to have passed the Test, if he/she secures, a minimum of sixty percent marks in aggregate”. 

With best regards

Neeraj Choudhary 

M No- 9711155069

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