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  • Latest Update of NICAI:

    TDS FVU 4.1 w.e.f 04-01-2014. Date of deduction not before start of quarter. No deletion of deductee record in correction statement. File quarter 3 statement by 15-01-2014.

    RBI clarifies that it has not issued any instructions to banks to not accept bank notes with anything written on them.

    Addition made by Assessing Officer of notional interest which was not in existence is not correct [CIT Vs M/s. Sahara India Mutual Benefit Company Limited (Allahabad High Court)].

    No exemption of SAD on goods cleared from SEZ/FTWZ to DTA for self consumption and amendments in the Cenvat Credit Rules, 2004 and the Central Excise Rules, 2002.
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