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Latest India Tax News 23 December 2016

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  • Latest India Tax News 23 December 2016

    1. The calculation of ‘Book Profit’ for the purpose of tax liability as per the provisions of Section 115JB of the I.T. Act, 1961 cannot be altered on any subject or item which otherwise is not falling in the explanation to Section 115JB of the Act. B&B Infratech Ltd. vs. ITO, High Court of Karnataka.
    2. The GST Council finalized 197 clauses of the Central GST and State GST laws. In doing so, the Council has given final shape to these GST laws.
    3. Migration/Enrolment under GST for existing assessees is for specified LIMITED time period. Please act now as GSTN will close this window soon.
    4. SEBI has decided that the depositories shall provide the transaction data of promoters/ promoter group on a daily basis directly to the stock exchanges for dissemination of the necessary disclosures.
    5. CPEC of ICAI is organizing 10 Hrs CPE National Conference on 14-15 Jan 2017, at Hotel EROS, Nehru Place, New Delhi for Regn. Contact CPEC Secretariat 0120 -3045957 /981.
    6. IASB of ICAI is organizing Certificate Course on Concurrent Audit of Banks at Chandigarh, from Jan 27, Registration at link: http://resource.cdn.icai.org/43044ia...digarh-269.pdf.
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