- Today (05.08.16) is the last date to file IT returns for AY 2016-17 by individuals, HUF, Partnership firms (without audit). J & K assesses to file by 31.08.16.
- Rajya Sabha passes GST Constitutional Amendment Bill on 03.08.2016 with Key Amendments.
- MCA issues clarification on Issuance of rupee bonds to overseas investors by Indian Companies. MCA General Circular No. 09/2016 dated 03.08.16.
- Expenditure incurred on club membership fees of employees is now admissible as business expense. [(Foods and Inns Ltd. vs. Assistant Commissioner of Income-tax, Circle 10(2), Mumbai) [2016] 71 taxmann 299 (Mumbai - Tribunal)]
- No Ban on Journalists to attend & report Court Proceedings. Notification No. 682 031.A1-76183/2007 dated: 30.07.2016
COMMITTED FOR THE GROWTH OF BUDDING PROFESSIONALS
Friday, 5 August 2016
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