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1. Penalty u/s 271J on professionals for furnishing incorrect information in statutory report or certificate is proposed in Budget. Objection on this clause was raised before Finance MOS Shri Meghwal yesterday in BJP Delhi CA Cell Budget Discussion and he assured to scrap it.
2. Income Tax department asks taxpayers to e-verify deposits post note ban as the IT Department uses big data to catch evaders, it is asking taxpayers to verify online the deposits they made in their accounts post demonetization.
3. RBI has modified Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 for compounding of contraventions under FEMA, 1999.
4. During inspection of goods, Invoice reference no. generated on uploading invoice on GST Portal can be used in place of invoice, within 30 days.
5. MCA has empowered the Regional Director(s) to prepare and maintain the Mediation and Conciliation Panel of eligible experts in pursuance of rule 3(1) of sec 442 of the Companies Act, 2013 who are willing to be appointed as mediator or conciliator.
6. Due Date for :
1. Deposit of Service Tax electronically (Corporate Assessee): 06/02/2017.
2.Payment of Excise duty electronically: 06/02/2017
3.Deposit of TDS by all assessee: 07/02/2017
2. Income Tax department asks taxpayers to e-verify deposits post note ban as the IT Department uses big data to catch evaders, it is asking taxpayers to verify online the deposits they made in their accounts post demonetization.
3. RBI has modified Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 for compounding of contraventions under FEMA, 1999.
4. During inspection of goods, Invoice reference no. generated on uploading invoice on GST Portal can be used in place of invoice, within 30 days.
5. MCA has empowered the Regional Director(s) to prepare and maintain the Mediation and Conciliation Panel of eligible experts in pursuance of rule 3(1) of sec 442 of the Companies Act, 2013 who are willing to be appointed as mediator or conciliator.
6. Due Date for :
1. Deposit of Service Tax electronically (Corporate Assessee): 06/02/2017.
2.Payment of Excise duty electronically: 06/02/2017
3.Deposit of TDS by all assessee: 07/02/2017