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  • Today NICAI Update

    Recording of satisfaction u/s 153C is mandatory even if searched person and assessee are under common jurisdiction. [Delhi High Court: Pr CIT vs. Nikki Drugs & Chemicals Pvt. Ltd].

    Amount received in pursuance of agreement of construction of additional area, not assessable as business income. [Delhi High Court: Raj Dulari Bhasin vs. CIT].

    Delhi Sugam-2 (DS2) to be one of the documents to be carried by the person who is bringing the goods into Delhi w.e.f. 08-01-2016 Notification No. No.F.7 (433)/Policy-ll/V AT/2012/PF / 1259-70.

    The EPFO has removed the grace period of 5 days for depositing PF. So w.e.f February.2016 the due date shall be 15th instead of 20th. Circular No. WSU/9(1)2013/35031 dated .08.01.2016.

    ICAI-MEF has updated the Draft Bank Branch Auditor’s Panel 2015-2016 available for verification. http://meficai.org Covering Letter for Hosting MEF 2015-2016.htm
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