1. The
Income Tax Department has started looking at new areas in revenue
mobilizationto substantially augment revenue collections in 2012-2013. As part
of this plan, the Income Tax Department is set to closely scrutinize (TDS) on
foreign remittances.
2. w.e.f. 1st July 2012, if the
TDS has been deducted by the Importer u/s 195 while importing software or TDS
has been deducted by the first purchaser from software manufacturer, then there
no need to deduct TDS on resale of those software by purchasers/customers.
3. The Finance Ministry will shortly
issue the much awaited notification granting oil companies exemption from
withholding tax on payments to Iran
4. For LLP filing done upto 10-06-2012 view public document and
get certified copy on its transfer to MCA21 portal. Helpllpsupport-mca@nic.in and
011-66336666.
5. W.e.f.
05-06-2012 bank can't charge foreclosure charges/pre-payment penalties on Home
Loans on Floating Interest Rate basis Reserve Bank of India Circular dated
05-06-2012.
6. 31-07-2012is
the last date to renew your Driving License issued before 1999 as DL in smart
card complete with biometric information mandatory now in Delhi
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