Friday, 12 August 2016

Updates:-


  1. 15.08.16 is the last date to Issue of TDS certificate for June quarter of 2016-17 by all deductors.
  2. Now Company Secretaries or Cost Accountants having PAN, or their firm can also act as e-return intermediary. CBDT notification dated 09.08.16.
  3. Reimbursement of seconded employees’ salaries to seconding company not subject to TDS. [DCIT vs. Mahanagar Gas Ltd. (ITAT Mumbai)].
  4. The Parliament passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill,2016 empowering banks to confiscate security in the case of loan default. 
  5. Statutory Bank  Audit  Online Multipurpose Empanelment Form (MEF) for the year 2016-17 is live at www.meficai.org. The last date for submission of online MEF Form for the year 2016-17 is 31st August, 2016 and for submission of hard copy of "DECLARATION FOR MEF 2016-17" is 12th September, 2016.
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