CBDT enables Functionality for processing of unprocessed returns for technical / Other Reason for AY 2007-08 to 2011-12 having refund claims
An apprehension has been raised that increased turnover on account of use of digital means of payment may lead to demands for earlier period. It is hereby clarified that in indirect taxes, past assessments will not be reopened for this reason alone.
EPFO is in the process of launching next version of ECR in the month of December, 2016. The revised ECR is a part of the Unified Portal which has Online Registration of Establishments (OLRE) and Universal Account Number (UAN) as its other two components.
Procedure for the purposes of furnishing and verification of Form 27BA for removing of default of Short Collection and/or Non Collection of Tax at Source
In notification No. 97/2016 related to Adjudicating Authority & Appellate Tribunal under Benami Property Act, word established under should be read as referred to in
i. It has been decided to allow One Time Pin (OTP) based e-KYC subject to certain restrictions. ii. All Scheduled Commercial Banks (SCBs) are required to invariably upload the KYC data pertaining to all new individual accounts opened on or after January 1, 2017, with Central KYC Records Registry.
i. Explanation to Section 3(a)(ii)d pertaining to ‘definition of beneficial owner in case of trust’ which reads as – Explanation: Term ‘body of individuals’ includes societies has been deleted.
Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction
Complete data as well as the AO/Range/CIT-wise summary of pendency of Time Barring scrutiny assessments as on 05/12/2016 and regionwise summary is attached.
CBEC reduces import duty on wheat from 10% to Nil without an end date vide Notification No. 60/2016-Customs dated 8th December, 2016
