Tax Updates
Dated May 5,2017
1. Income Tax Dept had been asking people to link their PAN no. with Aadhar before 31 July and many were finding it difficult as their names did not match in both. Just go to www.incometaxindiaefiling.
2. CBDT releases New Rules for Sec 115BA(4) & Form 10-IB for Startups to Opt for Lower Tax Rate.
3. Supreme Court ends the paid vs. Payable. Held that Disallowance u/s Section 40(a)(ia) for TDS default not to be restricted to amounts payable but also when it is paid. Dated 03-05-2017 in Palma Gas Service.
4. Madhya Pradesh Legislative Assembly on Wednesday unanimously passed the Madhya Pradesh Goods and Services Tax (GST)
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5. Also this states in switching over to the January December fiscal year from April to March.
6. NCLT Order against the Corporate Debtor, Magna Opus Hospitality Pvt. Ltd for the Corporate Insolvency Resolution Process and the order for Moratorium of 180 days starting from 12th April, 2017.
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7. Provisional Empanelment status with O/o C&AG is available at CAG website up to 05May. Representation, if any, may be sent sao2ca5@cag.gov.in by 5th May.
8. ICAI invites applications for suitable positions at various levels for Financial Reporting Domain of its Technical Directorate on full time / contractual basis for its Mumbai location. www.icai.in