Thursday, 7 July 2016

Updates :


  1. Today (07.07.2016) is the last date for payment of TDS/TCS deducted/collected in June month of 2016.
  2. Refund form (application for requesting refund of fees paid) available with effect from 05.07.2016, on MCA portal.
  3. 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.
  4. Pre-School falls in the term ‘education’ as envisaged u/s 2(15). [Green Acres Educational Trust vs. DCIT (ITAT Mumbai)].
  5. Interest on compensation for personal disability cannot be taxed. [Urvi Chirag Sheth vs. ITO (ITAT Ahmedabad)].
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