- Today (07.07.2016) is the last date for payment of TDS/TCS deducted/collected in June month of 2016.
- Refund form (application for requesting refund of fees paid) available with effect from 05.07.2016, on MCA portal.
- Income Computation and Disclosure Standards (ICDS) are to be applicable from 1.4.2016 i.e. previous year 2016-17 (AY 2017-18), postponed by one year.
- Pre-School falls in the term ‘education’ as envisaged u/s 2(15). [Green Acres Educational Trust vs. DCIT (ITAT Mumbai)].
- Interest on compensation for personal disability cannot be taxed. [Urvi Chirag Sheth vs. ITO (ITAT Ahmedabad)].
Thursday, 7 July 2016
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