Tax Updates
Dates May 6 2017
2. All Banks will remain closed, every Saturday from 1st June onwards. The RBI has approved 5 days Working for Banks. Now Timings will be 9:30 am to 5:30 pm.
3. CBDT proposes norms for tax benefits for genuine equity deals specifying certain eligible transactions for tax exemption on which STT was not paid To check tax evasion through “sham transactions” in stock market and protect genuine one.
4. Finance ministry has extended the time limit for providing Permanent Account Number (PAN) or Form No. 60 by bank account holders who have not given it at the time of account opening or later to June 30, 2017.
5. The Insolvency and Bankruptcy Board of India has constituted a Technical Committee in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations, 2017.