Saturday, 20 August 2016

Updates:


  1. CBDT Notification Reg.  Adoption of Indexed Stamp Duty Value for Income Declaration Scheme. Notification dated 17th August 2016.
  2. Those disclosing unaccounted wealth under (IDS) will have the option of paying the tax on such income in cash, the income-tax department has clarified through a fifth set of frequently asked questions (FAQs).
  3. GST provisional registration for existing Service tax, VAT etc assesses for 6 months.  Final registration after submitting necessary details.
  4. MCA issues The Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016, effective from 12.08.16. MCA Notification dated 12.08.16.
  5. Since there is nothing in the Limitation Act to ascribe a broader meaning to the expression ‘court’ used in it so as to include within it the Company Law Board, no particular limitation period can be prescribed for application under sub-section (4).[ Sulochana neelkanth kalyani vs. Takle invest co. ( HC Bombay)].
  6. Tomorrow 21.08.16 (SUNDAY) is the last date for deposit of ESI for the month of July, 2016.