IMPORTANT DATES : > Advance information for 1st fortnight of Oct of functions with booking cost > Rs 1 lakh in Banquet Halls,hotels etc. in Delhi : 27/09/2016      > E-filing Tax Audit Report : 30/09/2016      > E-Filing MAT Audit report : 30/09/2016      > Filing of I.T. Returns by Individuals ,HUFs (Audit applicable) : 30/09/2016      > Filing of I.T. Return by Firms,AOPs, BOIs (Audit applicable) : 30/09/2016      > Filing of I.T. Returns by Companies : 30/09/2016      > Filing of I.T. Return for Trusts, Political party etc. (Audit applicable) : 30/09/2016      > Return by Banks for interest upto Rs.5000 for Sep Quarter : 30/09/2016      > E-filing of Reconciliation return of Statutory Forms for the year ending 2015-16. : 30/09/2016      > Payment & Monthly Return of Maharastra PT (Annual Liability 50000 or more) : 30/09/2016      > Payment of TDS for Purchase of Property for Aug : 30/09/2016                        Home Contact Us Services Imp Dates Team Calculators Bulletins Utilities Links Acts Rules Forms News Query Admin Value Added Tax (VAT) Income Tax Service Tax Corporate Services Audit Corporate Finance Services for Non-Residents Accounting Services Payroll Benefits of Outsourcing Corporate Governance TDS/FBT Effective Capital Calculate Net Profit Calculate Net Worth Auto Loan Calculator EMI Get No. Of Instalment TDS Calculator Tax Calculator VAT Calculator HRA NSC Kisan Vikas Patra Home Loan Calculator RBI SEBI Accounting Standards Notification Circular Income Tax Service Tax Delhi VAT Maharastra VAT Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST Gujarat VAT Telangana VAT Tamil Nadu VAT Application & Petition Fees Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Rates of Depreciation Under Companies Act Rates of Depreciation Under Income Tax Act ROC Filing Fees (As per Companies Act, 2013) ROC Fee Structure (As per Companies Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty Limited Liability Partnership Fees National Industries of Classification Reverse charge on Service Tax Quick Links Important Links Vat Links Ease Of Doing Business Central Sales Tax Act, 1956 Right To Information Act, 2005 Entry Tax Act Delhi Value Added Tax Act, 2004 Maharashtra Value Added Tax Act (2002) Rajasthan Value Added Tax Act, 2003 Bihar Value Added Tax Act, 2005 Karnataka Value Added Tax Act, 2003 Andhra Pradesh Value Added Tax Act, 2005 The Uttar Pradesh Value Added Tax Act 2008 West Bengal Value Added Tax Act, 2003 Income Tax Act Punjab Value Added Tax Act Haryana Value Added Tax Act Wealth Tax Act Service Tax(Finance Act, 1994) Companies Act, 2013 Companies Act, 1956 The Limited Liability Partnership ACT, 2008 Foreign Exchange Management Act, 1999 The Central Excise Act, 1944 Customs Act, 1962 The Securities and Exchange Board of India Act, 1992 The Employees' State Insurance Act, 1948 The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 Monopolies and Restrictive Trade Practices Act, 1969 Company Secretaries Act, 1980 Telangana VAT Act 2005 Gujarat Value Added Tax Act, 2003 Tamilnadu VAT ACT, 2006 Equalisation Levy Act, 2016 Income Declaration Scheme 2016 IGST Act , 2016 Goods and Services Tax Act, 2016 Haryana Value Added Tax Rules, 2003 Andhra Pradesh Value Added Tax Rules, 2005 The West Bengal Value Added Tax Rules, 2005 The Uttar Pradesh Value Added Tax Rules, 2008 Punjab Value Added Tax Rules Entry Tax Rules Income Tax Rules Wealth Tax Rules 1957 Service Tax Rules Companies Rules, 2014 Limited Liability Partnership Rules, 2009 Customs Valuation Rules Profession Tax Rules Central Sales Tax (Delhi) Rules, 2005 Central Sales Tax (Maharashtra) Rules Delhi Value Added Tax Rules, 2005 Maharashtra Value Added Tax Rules, 2005 Rajasthan Value Added Tax Rules, 2006 Bihar Value Added Tax Rules, 2005 Karnataka Value Added Tax Rules, 2005 LLP Winding up Rules, 2012 The Companies Unpaid Dividend Rules, 1978 NBFC Acceptance of Public Deposits (Reserve Bank) Directions, 1998 NBFC and Miscellaneous Non-Banking Companies (Advertisement) Rules, 1977 NBFC Auditor’s Report (Reserve Bank) Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Cenvat Credit Rules, 2004 Baggage Rules, 2016 Telangna VAT Rules 2005 Gujarat Value Added Tax Rules, 2006 Tamilnadu VAT Rules, 2007 Income Declaration Scheme Rules 2016 Equalisation Levy Rules, 2016 GST Valuation Rules , 2016 Limited Liability Partnership (LLP) Bihar VAT Forms Karnataka VAT Forms DVAT Forms MVAT Forms UPVAT Forms Haryana VAT Forms WB Vat Forms Punjab VAT Forms FEMA Forms Income Tax Forms Wealth Tax Forms Service Tax Forms ROC Forms (As per Companies Act, 1956) NBFCs Forms LLP Winding up Companies Unpaid Dividend Forms ROC Forms (As per Companies Act, 2013) Income Declaration Forms Login Email Login Time Sheet CPE Status               What's New 26/09/2016 Minimise disputes when distributing wealth unevenly Taxmen send ‘last chance’ mails on undisclosed cash Soon, withdraw EPFO pension through app 8-layered wall secures data: GST tech backbone chief Finmin may talk to EC before fixing budget date SMS for Week ended 25-09-2016 RBI may pause this time,but rate cut likely in Dec 24/09/2016 GST Council Gets Off to Flying Start, Finalises Exemption Limit Sebi Tightens Rules on Promoter-PE Side Deals Govt Mulls Separate Compensation Law to Reassure States on GST Loss No Extension in Deadline for IDS New InvIT norms to help infra firms in simplifying structure Companies (Management and Administration) Amendment Rules 2016 23/09/2016 Consensus eludes GST threshold External auditor to examine NSE's algo trade MFs struggle to meet Sebi deadline on disclosure Pharma Benefit, Infra Lose Out Due to Ind AS Frequently asked Questions (FAQ) on GST 22/09/2016 After 92 years, Rail Budget is history GST FAQs: E-tailers, taxi aggregators need to register States want GST Council and FMs' panel, too Jaitley Warns Against Too Many Exemptions in GST Early budget to help rake in more tax revenues 21/09/2016 Permission for trading in futures contracts and modification in contract specifications at exchange level Consolidated Account Statement Cabinet to take up early Budget presentation, merger today FinMin to look into tax issues of FPIs: Das Phone Cos Want Sops to Stay Under GST 20/09/2016 GST Council to decide on cess treatment CBDT sends SMS to assessees, promises confidentiality Banks want promoters' guarantee for new loans Further easing of deposit rates in the offing for SBI FinMin clears legal cloud on GST Act FinMin considers norms for unrefined gold imports GST Notification Doesn't End Govt's Power to Levy Excise Centre may Hold Majority Stake in GSTN 19/09/2016 SMS for Week ended 18-09-2016 Before GST roll- out, old cases in fast lane Investors Acquiring Distressed Cos May be Spared Open Offer Direct selling: Clearing the haze Five constitutional conundrums in GST Final guidelines on payments banks soon Why Modi is batting for GST roll- out Govt may 'advance' winter session for GST roll- out Constitution amendment Act on GST to be discussed today Sebi Plans to Allow FPIs Have Multiple Demat A|cs GST Comes in Way of Govt's Plan to Scrap Old Vehicles Price-Monitoring Structure Under GST in the Pipeline Single biggest tax reform undertaken since independence to ease compliance Contribution is key to claiming tax benefit 17/09/2016 With no takers for stressed assets, bad loans to stay Expect Black Money Crackdown Once Declaration Scheme Ends Government notifies GST Council Bond yields may start rising soon No more in the family: Companies turn to professionals in search for women directors 16/09/2016 PM calls for intensive meetings of GST Council Sebi faces hurdles in ponzi scheme money recovery India Inc adheres to new accounting format Black money scheme gets good intrest:CBDT Budget Reform: FinMin to seek cabinet approval next week Standardization and Simplification of Procedures for Transmission of Securities 15/09/2016 Bill on national wages floor to be tabled in winter session Will GST cast a Shadow on export? PM takes stock of readiness for GST roll-out RBI forms panel to review commodities hedging guidelines Jan Dhan Accounts Can Be Opened With Zero Balance, Says Finmin PSBs Can't Sell Perpetual Bonds to Retail Investors Clarification us 119 of the Income tax Act 1961 Dated on 14-09-2016 14/09/2016 Notification for amendment to Schedule V of Companies Act 2013 Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 India stumbles on bilateral treaty talks FinMin likely to issue PSU exchange traded fund by Dec GSTN working with SAP, Oracle to get India Inc GST- ready To Fuel Big Gains, Petroleum Goods may Enter GST Net 13/09/2016 GST Council to start journey this month Government issues guidelines to regulate direct selling Cos Tax collections up 23% in first five months of FY17 FinMin to float Cabinet note for merger of railway Budget Sebi may allow FPIs to directly trade in capital markets Cos may need minority shareholders’ nod on special rights to PEs After GST, Focus is on Labour Reforms 12/09/2016 Foreign Investors Begin to Feel GAAR Tremors Redevelopment compensation isn't taxed Cabinet Meet Today,All Eyes on GST council Boards must adopt Integrated Reporting Framework SMS for Week ended 11-09-2016 Muted response to blank money disclosure window Cabinet Note on Budget Recast Soon CBEC to be rechristened as CBIT under GST regime 09/09/2016 Crowd Control: Sebi Warning Turns Off Crowdfunding Tap for Startups Closure & Asset Sale of Sick PSUs Within 15 mths of Approval Rules may be Eased for Banks & NBFCs GST bringing realty shake- up CBDT’s ‘ nivaran’ to resolve I- T grievances online Prez nod to Constitution Amendment Bill on GST Sebi strengthens commexes’ risk management 08/09/2016 April 1 deadline for GST a stiff target: Jaitley New consumer law to give advertisement regulator more powers New curb on promoter shares of suspended firms FPIs Set Eyes on France, Spain as New Tax Havens India not Ready for FDI in Multi-Brand Retail: Sitharaman Income Declaration Scheme is to Make Business More Transparent Sebi Likely to Allow Employees to Have Bigger Share in IPOs 07/09/2016 States to bear cost of filing tax returns, payments under GST Govt raises wage threshold for state insurance benefits States can't escape adoption of GST Govt eases rules for SUUTI Govt: Web broadcast under copyright Act FPIs Approach Govt to Iron Out Singapore Treaty, GAAR Issues Discussions Begin for Creation of Secretariat to Assist GST Council 06/09/2016 SIT on black money asks RBI to share info Sebi seeks major changes to new KYC process SC to Examine If Cos Can Slap Criminal Defamation Cases Against Individuals Of investor and for investor,but by who? No Action on Cash Deposit After Declaring Income Under IDS 05/09/2016 Start maintaining a personal balance sheet New date for Budget only after Acharya panel inputs Townhall meet to explain GST We want capping of GST rate in law Treading cautiously on GST roll-out Govt may Engage India Inc Expertise Under CSR SMS for Week ended 04-09-2016 When the law needs to catch up with reality Commercial property gets attractive 03/09/2016 Spot Polling Price Mechanism Bank not excited on wider market for Stressed assets Rajasthan, Puducherry Assemblies ratifies GST Bill Bank strikes are less relevant now Chorus Grows for Lower GST Rate, Some Policymakers Want It at 16% 02/09/2016 FRBM panel may advise govt against fiscal deficit range Reserve Bank widens market for sale of stressed assets Free credit report for all, says RBI Sebi tightens risk management for commodity derivatives GST Bill set for prez assent, Odisha 16th state to ratify Small traders to be exempted from GST: Adhia 01/09/2016 Obligation for the Month of September 2016 New RBI norms to make FY17 costlier for large firms Goa becomes 15th state to ratify GST Bill CBDT issues circular endorsing validity of e-declarations Sebi suspects money laundering by brokers in NSEL scam RBI likely to agree on nodal agency Small businessmen wary of retro tax demand under GST mechanism New benami law put on fast track Govt to strenghthen ways to fix e-commerce complains Extension of due date for quarterly furnishing of 15G/15H declaration 31/08/2016 Centre hikes minimum wages and bonus, trade unions not impressed Industry pitches for GST rate of 18% Black money: 300% rise in raids, seizures Mizoram, Telangana ratify GST amendment Bill CBDT signs 20 unilateral APAs with taxpayers Sebi asks commexes to register traders for price dissemination service I-T AOs to Give Emails IDs, Phone No.s in All Notices April deadline for GST tough task: Cos Allow mobile registration from any bank's ATM: RBI 30/08/2016 Maharashtra Assembly ratifies GST Bill Chambers to seek clarity on GST provisions Tax defaulters of Rs. 1 cr and above may get named More options for settlement under new Sebi norms Haryana Assembly ratifies GST Bill RBI to explore interest- free banking 29/08/2016 SMS for Week ended 28-08-2016 Opening doors to foreign auditors New a/c rules to hit FMCG firms' revenues Govt might advance Parliament session to get GST laws approved Income fund investors need to tread carefully Making company law tribunal more effective Penalising individuals makes corporate India uneasy Sebi probes portfolio services of leading fund houses CBDT Chief Toes PM's Line, Aims to Soften Dept's Image CBDT to Write to 2.59L Taxpayers to Avail Tax Dispute Resolution Sebi mulls over relaxed norms for REITs, InvITs, startups listing PFRDA lowers minimum contribution to Rs 1,000 per year 27/08/2016 Firms coming into repo market would hit banks' Casa source Bengal Assembly indefinitely postpones GST discussion in Assembly Govt panel to suggest ways to step up card transactions Govt staff who joined afte 2004 to get gratuity Revised guidelines for disposal of confiscated goods Government wants GST to be hacker-­proof 26/08/2016 Large Corporate Loans To Cost More From FY18 Tax officers asked to suggest changes in direct tax laws RBI permits banks to hire ex- officials for internal audit NITI Aayog proposes easier arbitration norms for infra firms Home Buyers Want Ministry to Tweak RERA Norms to Expedite Projects Small Factories Bill Back on Agenda after Two Years `File Compliance Report on Investment Rules from March' Move to ban cash deals divides finance ministry 25/08/2016 Revised DTAA between India and Cyprus gets nod Redressal mechanism on complaints against e- tail GST & Brexit may Impact Global Tea Business: Mistry Make Scrapping of old Heavy Vehicles Compulsory: FM Banks turn lens on corporate cash flows to avert bad loans Regarding Filing of returns through digital signature 24/08/2016 Govt mulls ban on cash deals of over Rs. 3 lakh: CBDT chief Gujarat Assembly ratifies goods and services tax Bill Lower tax on property via revised declaration IRDA Tightens Equity Investment Norms for Insurers Execute Bankruptcy Law in Time Bound Manner: FM India in Talks to Rework Tax Treaty with Singapore January budget to bring in efficiency 23/08/2016 Luxury tax amendment bill tabled in assembly Maharashtra to hold GST session on August 29 Contrary reading of Law by regulator Sebi’s move to curb distributors may hurt MF investors GST rollout likely to be pushed to mid-2017 as India Inc seeks time January Budget may Help Govt Streamline Spending More States Riding on GSTN Tech 22/08/2016 Tax relief for leasing companies Decoding Ind- AS impact on India Inc’s balance sheet Workflow boost for accountants, advisory firms Lower tax rates possible only if evasion brought down, says FM Jaitley CBDT Notifies “Class or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply" SMS for Week ended 21-08-2016 Govt Delves Into E-tailers' GST Gripe Finmin Mulls Over Presenting Union Budget in January 20/08/2016 Handset Makers Demand 10% Duty Differential in GST 1.3L disclosed zero income in 2011-12 Chambers point out ambiguity in GST Bills Deduction benefit under section 35AC only till March 31 Regulator liberalises commodity hedging limits Companies (Share Capital and Debentures) Fourth Amendment Rules 2016 19/08/2016 Tax on Unaccounted Income Now Payable in Cash as Well DIPP to Set Credit Fund Norms for Startups Budget to get slimmer after GST rollout CBEC to meet e-tailers on GST roll-out concerns I-T dept won't question registered valuer's report Pay 92 paise for Rs.10- lakh train travel insurance I- T dept told to redress 17/08/2016 I-T returns: Top 1% earned 18% of income GST platform to become analytics powerhouse Sebi, exchanges begin delisting drive for suspended companies CBEC Sets Up Panel to Smooth Road to GST No fee on card, online payments made to govt Jail of up to 7 years for benami transactions Import limit on e- goods for personal use raised 16/08/2016 Govt Works Overtime to Ready GST by April 1 Pledging of PF to Buy a House may be Allowed HSBC Ac Holders' Demand Leaves Taxman Stumped GST: Not Just a Tax Reform, But Real Black Money Law Holding On to Assets May Reduce IDS Tax Burden Sebi to tweak arbitration norms at exchanges FinMin doesn't rule out possibility of delay in GST roll-out deadline Delhi to raise minimum wages SMS for Week ended 14-08-2016 12/08/2016 RBI mulls liability cover in fraud for bank clients Textile industry awaits GST rate RS Clears Maternity Act Update; Women to Get 26-Week Leave Amendment to Companies Act will Help Boost Fund Flow for MSMEs: Jaitley Stick with your insurer even if medical policy is withdrawn Benefits to hill, N- E states to continue under GST Anomaly between Land Acquisition Act and I- T Act GST passage conveyed positive global cues: FM Now,lobbying starts for GST exemptions 11/08/2016 Govt to set up panel to review e-commerce rules Bigger NBFCs must be inspected regularly: Rajan Nod to 100% FDI in commodity broking, other financial services Amendments to Maternity Benefits Act cleared LS passes Bill to double overtime hours for workers MF participation in voting to be scrutinised: Sebi Revised format for publishing financial accounts Taxation Laws Bill Gets LS Nod Procedure for filing anti-dumping duty cases to be simplified 10/08/2016 Tax collection up 28% in April-July There will be anomaly with petroleum out of GST Sebi miffed with new KYC system RS Passes Bill to Tighten Noose Around Loan Defaulters Lok Sabha Clears Amendments to Compensation Act Income tax deparment set for action against ‘shell’ firms 09/08/2016 Parliament Passes Amendment Bill for GST, Up to States Now GST Rollout Set to Kindle PE Interest in Warehousing and Logistics Parks GST will spare the poor, says Modi GST may burn hole in middle class’ pocket Investor complaints against brokers declining Over 75 L Taxpayers Used E-verification in Filing ITR Execution Will be Key to success 08/08/2016 Govt mulls pruning tax exemption list Revenue headcount spike at odds with GST Ensure smooth transfer of wealth through a trust Time frame for completing arbitration Making GST work for India Inc Make tax administrators the evangelists for GST Boards should focus on disclosures, auditors’ independence GST worries Indian industry GST debate over money versus financial Bills GST may not lead to inflation if tax rate is about 18%: CAIT GST Effect: FMCG, Auto Cos In a Fix Over Tax Holiday Offered by States SMS for Week ended 07-08-2016 06/08/2016 9 states may ratify GST Bill by Aug- end No scope for rate cut on Tuesday Auto to benefit most from GST: Moody’s Get ready to pay more for insurance Dishonour of cheques – Modification in procedure 05/08/2016 RBI launches website Sachet to tackle fraud Lack of clarity clouds e- tail bonhomie over GST Media, entertainment industry to gain from tax set- off India Inc gears for compliance costs Centre may take money Bill route for next GST laws More compliance, less black money Implementation of Indian Accounting Standards (Ind AS) GST to push up inflation in the short term Govt firm on April 1 deadline for GST 04/08/2016 Teething troubles at central KYC registry Centralised KYC system to make life easier So is India Inc Ready to Roll? Goods And Service Tax (GST) 03/08/2016 Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) All eyes on GST debate in Rajya Sabha Start-ups take the merger route in quest for profitability CBDT to come up with FAQs for settling tax litigation Four million tax arrear cases may getwaiver Benami law gets more teeth Use GST Bill passage to cut exposure to costly stocks’ ‘Sebi should have foreseen confusion over Ind- AS’ Handset Vendors Making in India Seek Clarity on GST Benami property holders should watch out 02/08/2016 Rajya Sabha to debate Bill on GST tomorrow LS clears Bill for speedy recovery of bad loans Labour Reforms Put on Hold Ahead of State Polls Proposed GST Changes Circulated among MPs Luxury Goods Purchase Under I-T Lens, Buyers Get Notices Timely Delivery Focus of Realty Act Draft New RBI norms rule out banking licences for big corporates 01/08/2016 SMS for Week ended 31-07-2016 Obligation for the Month of August 2016 Budget process set for a makeover Online biz firms to give contact details on their portals GST dispute resolution system atemporary measure Revenue officers seek autonomy for CBDT Grandfathering geographical exemptions in GST Centre, States may Rotate Top Taxpayers Post GST Govt probes books of defaulters to check TDS compliance Relaxation of additional Fees and extension of last date of in filing AOC-4, AOC-4(XBRL), AOC-4(CFS) and MGT-7 under the Companies Act, 2013 30/07/2016 Procedure for exports through Foreign Post Office Delhi / Mumbai / Chennai using e-commerce platform under MEIS Scheme of Chapter 3 of Foreign Trade Policy (2015-20) GST in RS next week, govt’s fingers crossed Govt extends last date for filing I- T returns Deadline to file asset details extended Sebi proposes relaxed norms for start- up listing Sebi proposes changes in ITP norms to attract more firms 29/07/2016 Start- ups seeks easier access to tax benefits Excise duty payment structure on jewellery Logistics stocks up on GST clearance hope Fin Min warns tax officials on resolution against revenue dept Why you must file I- T returns on time GST Missing Pieces Companies (Accounts) Amendment Rules, 2016 Companies (Incorporation) Third Amendment Rules, 2016 Extension of the last date for filing returns for the first quarter of 2016-17 28/07/2016 LS Okays Changes To Benami Property Law Cabinet green light clears tracks for GST How GST deal was clinched No arrest of jewellers in duty evasion below Rs. 2 cr Cabinet raises FDI limit threefold to 15% in stock exchanges Limit may be Raised for Staff to Buy PSE Shares 27/07/2016 Taxability of stock on February 29, 2016 - Excise duty imposition on articles of jewellery in the Budget 2016-17 Headway on key GST issues, but sore points remain Govt notifies revised pay grades for employees Child labour law passed Model GST lawand dispute resolution Sebi likely to scrap crowdfunding norms Didn't quote PAN with high-value transactions? Min Awaits EPFO Panel Nod on ETF Investments 26/07/2016 CBEC may Rework Norms for EoUs, STPI EPFO may Double ETF Investment to 10%; Set to Ruffle TU Feathers `Govt Exploring Ways to Bring Petro Products under GST' Prepare yourself for lower returns on FDs Govt- Congress standoff casts shadow on GST Scrapping of inter- state trade tax under scanner I-T dept floats draft rules on taxing income 25/07/2016 How to file returns when bootstrapping SMS for Week ended 24-07-2016 Government to set up special court for NSEL cases FinMin to seek Cabinet nod for public utility Bill Partnership Act does not bar arbitration GST prospects ambiguous again 23/07/2016 Firms to get PAN, TAN in a day on paperless application Over Rs 8 lakh cr tax revenue locked up in appeals GST Bill Slated for Passage in Rajya Sabha Next Week I-T info for over Rs 50L income raises hackles Parliamentatry panel for less restriction ARC boards I-T dept conducts searches at premises of pulses traders National Company Law Tribunal Rules, 2016 22/07/2016 Non-compliance with US tax laws may see over 5 million MFs close down 9- million high- value deals minus PAN under I- T scanner Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector Ease of Doing Business Paperless PAN & TAN application process Centre, state tax depts at loggerheads Sebi to finalise options in commodities today Sebi may help in government’s recapitalisation plans for PSBs Fresh Sops Unlikely for New Japanese Industrial Enclaves 21/07/2016 Grievance Officer to take up public complaints every Changes in 'benami' prohibition Bill cleared As Fatca comes closer, 5 mn folios risk closure Companies (Share Capital and Debentures) Third Amendment Rules, 2016 ITR Notices to MNCs Render PAN Relaxation Ineffective Govt against raising FDI cap in newspapers Govt optimistic on GST passage E- book must for debt issues of over Rs. 500 cr in a year Lower stamp duty for affordable homes: Centre Equalization Levy- Challan No.ITNS 285 for making Payment Income Declaration Scheme, 2016- Payment Challan No. 286 20/07/2016 CAs audit private schools Companies Act to be relaxed for Gift IFSC ventures Rajya Sabha passes Bill banning employment of children below 14 70% Chance GST will Come Through, Logistics to Benefit NOW & THEN - The GST Who Walks Govt may allow 100% FDI in pvt sector banks soon Proposal to ban cash transactions above Rs.3 lakh detrimental: Traders Manual signatures on digitally signed invoices-reg 19/07/2016 Taxman targets 100,000 high- value transactions India to sign new bilateral treaties in next few months Discussion on GST but with conditions IDS Rule on Old Cases Clashes with I-T Act Avail of the Indirect Tax Dispute Resolution Scheme,2016 Govt looks to ease TDS pain Failure to give intimation does not lay restriction for Reversal of Proportionate Credit as prescribed in Rule 6(3) (ii) of Cenvat Credit Rules, 2004 18/07/2016 Airlines to Pay Huge Compensation for Cancelling Flight from August 1 Labour Reform in the Works to Give Legal Backing to Contract Workers India to Flash its Achievements for a Better Ease of Doing Biz Score Closer Towards GST Taxmen to seek info from black money holders Now, the taxman eyes private school,colleges SMS For the week end 17-06-2016 Govt fixes Rs 3,119 a gm rate in fourth tranche of gold bond scheme Duty-free shops and what they should do How directors flout board cap 16/07/2016 Can't deny tax relief if delivery of flat delayed Congress amendment move may block afforestation bill in RS Cash may no longer be king as e- money emerges new ruler Sebi tightens collateral norms Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations Companies (cost records and audit) Amendment Rules, 2016 15/07/2016 Govt extends payment date under black money scheme EPFO relaxes UAN rule for PF settlement with riders Issue up to Rs.5,000 refunds fast: CBDT to I- T dept Corporate tax rate likely to come down A Raid that I-T Department Doesn't Want to Talk About SIT for Ban on Cash Deals Above Rs. 3 lakh Tax Paid in Black Money Scheme Must be White 14/07/2016 Sebi simplifies process of opening trading a/ c Non- passage of GST Bill unlikely to rock markets Tighter transfer norms for P- notes Govt accepts Lahiri report on jewellery trade levy ATM-based Validation Enhanced for e-ITRs I-T dept to send notices to settle tax claims froms Sept How New Accounting Standards will Impact Indian Companies 13/07/2016 Govt eyes Rs.15k -cr domestic black money by sept 30 Open to Practical Suggestions on GST: MoS Meghwal Trai mulls ombudsman to help resolve service quality issues BSE starts process to accept shares for IPO Black money SIT holds high- level meet in Delhi Real estate could be exempted from central environmental rules 12/07/2016 Retro tax settlement window to shut on Dec 31 Bankers unsure of success of joint review After textiles, NITI Aayog for reforms in other job- intensive sectors Exporters Too can Give Made-in-India Tag PE Funds Look to Shift From Cyprus to Mauritius Companies going digital for quick recruitment processes 11/07/2016 SMS for Week ended 10-07-2016 Tax kitty up 28% in Q1 No compromise on constitutional cap on GST rates: Arjun Meghwal I-T dept to scrutinise high value transactions, penny stock trade Sebi proposes valuation norms for InvITs Panama Papers: I- T dept approaches 12 nations to widen probe GST cap must for our support, says Cong Labour Min Mulls Pension Scheme for High-Income EPFO Members 08/07/2016 CBEC forms panel to iron out differences over GST Black money: CBDT to issue notification to ensure secrecy Experts prefer calendar year as new financial year RBI board talks constitution of monetary policy panel India may raise foreign investment limit in media Govt may allow EMIs for black money tax Banks must take legal recourse early to prevent bad loans: Govt Revision of interest rates for Small Savings Schemes 07/07/2016 Info from Pacts in Hand, Taxmen to Warn Evaders Need More Women on Boards? Hire a Female CEO Labour Min Puts Minimum Wage Hike on Back Burner Junior Fin Ministers Expect GST Bill Passed in Monsoon Session Panel to examine case for change in financial year Implementation of new accounting standards postponed Model GST Lawor lowest common denominator? 06/07/2016 GST may hit Centre’s revenue by Rs. 1.5 lakh cr Taxpayers get relief from recovery during a stay order CBDT plans to take paperless project to more taxpayers Procedural hurdle for foreign law firms No Indirect Tax Recovery During Pendency of Stay Centre to Ensure Monetary Policy Panel is Legal Tender Master Direction - on Risk Management and Inter-Bank Dealings Revised Formats for Financial Results and Implementation of Ind-AS by Listed Entities 05/07/2016 Project Insight to give tax officials more teeth Ownership haze mars FDI in aviation NSE launches trade repository for corporate debt Regarding recovery of confirmed demands during the pendency of stay application Salary Reporting Norms Eased for India Inc Tax officials get 60-day cap to resolve grievances Filing of returns through Digital Signatures GST law retains many distortions of the past 04/07/2016 FM - Jaitley Asks Tax Dept to Trust Assessees NGOs not furnishing annual returns to be penalised: Govt Time for NRIs to file returns Problems for NRIs remitting salary to India NCLT: Still a long way to go Government may not cut excise duty on petrol, diesel for now Govt eases funding rules for startups SMS for Week ended 03-07-2016 02/07/2016 Govt eases remuneration disclosure norms for firms Deadline on tax settlement offers likely for companies Master Circular – Collection of Direct Taxes - OLTAS Master Circular on Appointment and Delisting of Brokers, and Payment of Brokerage on Relief/Savings Bonds India resolves tax issue with Cyprus Delhi govt asks for part of DDA’s land pool kitty to create social infrastructure 01/07/2016 I-T Dept Clears Air on Income Declaration Scheme Deposit Norms Relaxed to Help Startups Raise Funds CBDT notifies rules for calculating assets' fair market value BSE asks brokers to submit client funding details I-T dept probes firm linked to former principal secy Companies(Acceptance of Deposits) Rules,2014 Quarterly reporting system- Foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks External Commercial Borrowings (ECB) – Approval Route cases Obligation for the Month of July 2016 Taxpayers can now file a new ‘ e- nivaran’ form 30/06/2016 Common registration and return for first stage dealer and importer GST passage crucial to monsoon session success; govt confident of AIADMK help Straitjacketing Ecomm in New GST Bill will Kill Innovation CBEC Study Finds Tax Regime More Citizen-friendly Real estate firms press RBI for easier lending norms CBDT notifies rules for Foreign tax credit 29/06/2016 Stressed firms coming back on track: RBI Tepid growth in first quarter corporation tax collection CBDT relaxes rules for TDS claims by non- resident firms I- T dept to establish over 60 taxpayer centres Assess resilience of reinsurers for risk concentration: RBI New Rajya Sabha math emboldens govt to make renewed push for GST GST will make doing business difficult for internet services Delhi govt open to revising circle rates, will seek public opinion Clarifications on the income declaration scheme 2016 28/06/2016 One time opportunity to all person ,who have not declared income correctly in earlier years,to come forward and declare and such undisclosed income. Mopup from Tax Amnesty Scheme Pegged at Rs 1,000cr Easing FDI Rules Credit Positive for India: Moody's PMO keeping an eye on blackmoney scheme New panel may set interest rate in next monetary policy Jaitley to meet India Inc on black money window India- Cyprus to negotiate tax treaty amendment Looks like New GST Bill will be more Taxing for Tech Cos No TDS u/s 206AA on some prescribed payements to non-residents without PAN on furnish prescribed details. 27/06/2016 Audit giants see dominance waning GAAR not to apply on income from investments before April 1 Digital banking 2.0 Bracing up for Brexit impact GST will improve tax to GDP ratio: Subramanian Avail I- T declaration window or face consequences, PM warns tax assessees Sept 30 last date to set up rainwater harvesting system Govt grapples with GST network glitches SMS for the week ended 25th June 2016 PF Subscribers who withdraw late will get 4-8% Higher EPS pension 25/06/2016 Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016 Permitting writing of options against contracted exposures by Indian Residents Brexit brings out the bears Increase in All Industry Rates (AIR) of Duty Drawback on gold jewellery and silver jewellery/articles- reg. Amendment in Section 206C of the Income tax Act vide Finance Act 2016 24/06/2016 RBI releases draft norms for CCR, exposure to CCPs RBI revs drive towards cashless economy RBI allows start- ups to open foreign currency accounts Taxmen told to ensure black money window’s success Implementation of Indian Accounting Standards (Ind AS) Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 23/06/2016 Bad debts responsible for low credit growth: RBI guv Sebi eases trading requirement in currency derivatives NPS an option for conservative NRIs IT dept to take steps to boost TDS collections Gains from Penny Stocks Not Bogus CBDT Pulls up Taxman for Grievance Redressal Record Penal action against defaulters whose names made public by I-T dept: Jaitley Review of the framework of position limits for currency derivatives contracts 22/06/2016 Blocking of PAN, new bank loans likely Do not lose tax benefits Sebi issues consultation paper on OFM norms Foreign Law Firms Seek Talent, Acquisitions for Bigger India Play BSE, NSE to provide e-book mechanism 21/06/2016 FDI Shower To Douse Rajan Fire Annual report delayed is annual report denied Labour Min Lines up Update of 4 Key Laws Interest rates on small savings schemes unchanged Presumptive tax: No audit for up to 2-cr turnover 20/06/2016 Power shifts from buiders to buyers GST: Preparing for tax litigation Entry tax concerns remain for e- commerce Startups get much awaited tax exemptions ‘Buy 1, get 1 free’ deals, freebies to come under GST SMS for Week ended 19-06-2016 Updated Till : 27/09/2016                   ABOUT US   C J S Nanda & Associates ('The Firm') is a partnership firm constituted on 2nd August 1991, comprising of practicing Chartered Accountants providing services to individual Clients, Banks and Corporates . The Firm operates through its Head Office and Six Branches in Delhi and NCR with a motto to maintain ethical , professional and technical Standards by adopting quality control procedures.   The Firm comprises of Eleven partners - CA. Charanjot Singh Nanda, CA. Umesh Kumar Varma, CA. Bhupesh Anand, CA. Raj Kumar Aggarwal, CA. Ranjay Kumar Mishra, CA. Sneh Jain, CA. Shyam Kumar Aggarwal, CA. Amit Kumar Jugia, CA. Paramjit Kaur, CA.  Gurvinder Kaur, and CA. Gurpreet Singh. Our firm also consists of two Ex-Bankers.     The Firm has been set up to serve clients of stature and profile. The offices are staffed by a combination of local recruits and experienced personnel trained with them. In this way control is maintained over methodology and quality while capitalising on local business knowledge.         Disclaimer                 Client / Staff Login   UserID   Password

120037 Times Visited WebtelPowered by Webtel Electrosoft (P) Ltd.