Daily Tax Updates || Interest liability arising due to order of court was allowable expense..|| Reduced price charged from Hawkers to supply...||

Tax Updates:

Dated May 17,2016

Interest liability arising due to order of court was allowable expense, though order was stayed by divisional bench.

Reduced price charged from Hawkers to supply newspaper couldn’t be treated as commission, No TDS liability u/s 194H.

The Ministry of Home Affairs has offered a one-time exemption to Non-Government Organizations to file ‘missing’ returns as mandated by the Foreign Contribution (Regulation) Act without being levied any fine.

Federation of Indian Export Organizations (FIEO) Allow exporters to pay GST on transaction through e-currency.

Completion of GMCS is mandatory for taking part in ICAI Campus Placement Programme, meant for Newly Qualified CAs.

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Neeraj Choudhary

M.No 9711155069

Email -nrjchoudhary3@gmail.com