No announcement yet.

Latest India Tax News 4th October 2016

  • Filter
  • Time
  • Show
Clear All
new posts

  • Latest India Tax News 4th October 2016

    • Assessee could not get the accounts audited within time limit prescribed u/s 44AB and if there is no mala fide reason for not obtaining the accounts audited in time than penalty u/s 271B should not be imposed - Gemorium Vs ITO W-5(1), Jaipur (ITAT Jaipur).
    • Under GST no need to file GST RFD-01 for refund of balance in electronic cash ledger. Same can be claimed through return forms GSTR-3, 4 & 7.
    • MCA has introduced SPICE (simplified proforma for incorporating Company electronically) w.e.f. 02.10.2016 in e-form INC-32.
    • RBI has cuts the Repo rate by 25 bps now The *new Repo rate is 6.25%.* This will make the loan rate cheaper.
    • RBI issued a circular regarding Investment by foreign portfolio Investors (FPI) in government securities vide Circular No. 4/2016 dated 30/09/2016.
    Founder & Creative Mind of Megrisoft
    Please Do Not Spam Our Forum