TODAY NEWS
January 31, 2018
- Income Tax Returns for FY 2015-16 and 2016-17 cannot be filed after 31.03.2018. After 31.03.2018, 2 Years ITR filing will stop…Only 1 year filing can be filed.
- Brokerage / Commission paid in Connection with Share Transaction are not subject to TDS: Kolkata ITAT.
- Indirect tax base grew 50 per cent since the GST roll-out, led by a large increase in registrations, especially by small enterprises. The demonetization of high-value currency notes in November 2016 resulted in widening of taxpayers’ base. : Survey.
- Media Monitoring Services can’t be taxed as ‘Business Auxiliary Service’: New Delhi bench of CESTAT in the case of CST Delhi vs. M/s IPAN.
- SEBI: private placement, rather than a public issue, is the markets regulator’s favored route to start trading in securities receipts issued by (ARCs). Only certain “qualified buyers” will be permitted to trade in them, and the minimum lot size will be Rs10 lakh.
- SEBI has issued circular w.r.t Online Registration Mechanism and Filing System for Depositories.
- Insolvency & Bankruptcy Board of India has issued a Press release in Public Interest that the Board has no Association with “IBBI Insolvency Practitioners LLP”.
- ICAI: Last date for payment of Membership fee and Certificate of Practice fee for the year 2017-18 be extended up to 15th March, 2018 (instead of 30th September, 2017)