Home » Uncategories » Daily Tax Updates

Daily Tax Updates

Tax Updates:

Dated May 5, 2017

1. Extension to 15.05.17 of last date to file DVAT-16, DVAT-17 & DVAT-48 for Q4 of 2016-17.CIRCULAR NO.2 of 2016-17.

2. Under GST Law IGST, CGST, SGST deposited cannot be adjusted against each other. Only IGST, CGST & SGST input tax credit can be adjusted in specified order.3. Bogus share capital: Source of source relevant even for period before amendment to section 68 of the Income Tax Act. Pragati Financial Management Pvt. Ltd Vs CIT (Calcutta High Court). 

4. ICAI is organizing 3 CPE hrs National Live Webcast on Overview, Application and Implications of ICDS, Thursday ,4th  May, 5 to 8 pm http://estv.in/icai/04052017/

5. Real Estate (Regulation and Development) Act, 2016 which seeks to protect home-buyers as well as to boost investments in the real estate industry, will come into force across the country from 1st May, 2017. Under the Act, all the States will constitute a Real Estate Regulatory Authority (RERA).

6. RBI has said banks cannot refuse to accept faded notes or those with scribbles. Such banknotes had to be treated as “soiled notes“ and dealt with according to the RBI's “clean note policy“.




Subscribe to: Post Comments (Atom)