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Latest India Tax News 18 February 2017

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  • Latest India Tax News 18 February 2017

    1. Co.s to get PAN with incorporation via new version of SPICe e-form. New Co.s using SPICE e-forms to get PAN in the COI itself & TAN in separate e-mail.
    2. Failure to file Form 3CEB won't invite reassessment when transactions with AE were disclosed during assessment. [2017] 78 taxmann.com103 (Delhi - Trib.)
    3. CBEC directs submission of CAS-4 Certificate of FY ending March 31st, by December 31st of next FY for purpose of calculating cost of captively consumed goods.
    4. SEBI has allowed foreign investors to acquire shares through primary markets in depositories and clearing corporations. Prior to this, foreign investors could acquire shares of depositories and clearing corp. only through secondary market.
    5. RBI has increased the quantum of gold loans from Rs.1.00 lakh to Rs.2.00 lakh granted by the Regional Rural Banks (RRBs), provided, the period of the loan shall not exceed 12 months.
    6. EMPANELMENT OF CHARTERED ACCOUNTANTS FOR CONCURRENT AUDIT OF Baroda Gujarat Gramin Bank with 233 Branches and 4 Offices geographically located in Gujarat. Last date 28.02.2017.
    7. Kailash Mansarover Yatra from 20th TO 27th MAY 2017 Via Lucknow by Helicopter 7 N/ 8 Days All Inclusive Rs. 1.90 Lacs P/P Delhi to Delhi. Passport must. Call 9999968122, 011-65292129.
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