Announcement

Collapse
No announcement yet.

latest Tax Updates 2016

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • latest Tax Updates 2016

    • CBDT has issued Circular on 2nd Nov 2016 on Chapter VI-A deduction on enhanced profits, by virtue of which expenditure disallowed if related to the business activity against which the Chapter VI-A deduction has been claimed, the deduction needs to be allowed on the enhanced profits.
    • Capital gain tax will be paid by the partners of the dissolved partnership firm on the sale of its assets.{Vatsala Shenoy Vs. JCIT, Supreme Court of India}.
    • RBI allowed banks to issue rupee-denominated bonds or Masala bonds in the overseas market to shore up their capital base as well as for financing infrastructure and affordable housing.
    • Under GST Upto 10 bank accounts can be added during enrolment. Proof of Bank A/c No, Branch, Address of A/c holder & few transaction details required.
    Founder & Creative Mind of Megrisoft
    www.indiabook.com
    Business
    Please Do Not Spam Our Forum
Working...
X