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Old 04-03-2017, 10:34 AM
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Shilparana Shilparana is offline
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Join Date: Sep 2014
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Default Latest India Tax News 3 April 2017

1. CBDT notified the ITR forms for assessment year 2017-18. Column Part-E of the ITR-1 form seeks information on cash deposits made by the assessee between November 9, 2016 and December 30, 2016 if the "aggregate cash deposits" during this period were Rs 2 lakhs or more
2. GST Council in its 13th sitting finalized Draft Rules in the backdrop of four key Goods and Services Tax (GST) Bills the Centre GST, the Union Territory GST, the Integrated GST, and the compensation law getting Parliamentary nod.
3. MCA vide notification dated 30th march 2017 notified that Companies to disclose details of SBN (Specified bank notes) in balance sheet held and transacted during demonetization period from 08-11-2016 to 30-12-2016 in a specified format.
4. MCA vide Notification dated 30th March, 2017 amended Companies (Audit and Auditors) Amendment Rules, 2017 G.S.R. 307(E).
5. RBI has extended the time for receipt of comments/ suggestions/ feedback on draft Master Directions on issuance and operation of pre-paid payment instruments (PPIs) in India till April 15, 2017.


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