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Latest India Tax News 17th October 2016

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  • Latest India Tax News 17th October 2016

    • Today 17.10.2016 is the last date to furnish Income tax returns for the A.Y. 2016-17, where original due date to file ITRs was 30.09.2016. CBDT Order 09.09.2016.
    • Transactions older than 6 years now under tax lens. The crackdown on black money is not over. The tax department can scan transactions older than six years by invoking clause 197C of the finance act, 2016.
    • MCA notifies draft rules related to insolvency resolution and liquidation of insolvent corporate persons.
    • Under GST update correct e-mail id and mobile no. in VAT, Service tax, Excise department etc. for intimation of provisional GST in due course. Else no migration to GST.
    • Central excise division will do now verification of installation certificates issued by chartered engineers on random basis in at least 5% cases.
    • The post registration. verification of installation certificates issued by chartered engineers appeared first on taxguru.
    • ICAI post exemption in CA Intermediate and final exam valid for Nov, 2016. The rules in this regard are provided in the guidance notes and exam forms hosted on http://icaiexam.icai.org.
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