Saturday, 23 July 2016

Updates:


  1. CBDT has notified challan no. /ITNS 286 for Payment of Taxes under The Income Declaration Scheme, 2016.
  2. Challan ITNS 285 is notified for Equalization Levy of 6% on payment of more than 1 lakh in F.Y. for online advertisement etc. to non-resident not having PE in India.
  3. The Centre has decided not to raise the foreign direct investment (FDI) limit on newspapers and periodicals to 49 per cent from 26 per cent.
  4. Closure of EPCG authorizations in case of supplies to SEZ units which have been made prior to 01.4.2015 and where exports proceeds have not been realized through Foreign Currency Account (FCA) of the SEZ unit.
  5. RBI issues directions for lending to Micro, Small & Medium Enterprises Sector [Master Direction FIDD.MSME & NFS.3/06.02.31/2016-17]
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