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Updates of the Day !!!!!

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1. CBDT released notification No. 2/2015 Dated 13-July-2015 on Electronic verification Code (EVC) for verification of ITR's. On the basis of –
a) internet banking ,
b) AADHAR authentication ,
c) Bank ATM card and
d) email and mobile number (where income is below Rs 5 lakhs).

2. File TDS return for the quarter ended on 30th June, 2015 by 15th July, 2015 and Avoid inconvenience and fine.

3. Input Credit is admissible even if Inputs are discarded during manufacturing process. [Union of India v/s. Asahi India Safety Glass Ltd [(2015) 58 taxmann.com 237 (Supreme Court)].

4. SSI exemption available to job worker on goods manufactured under brand name of principal manufacturer [Vir Rubber Products P. Ltd. v/s. CCE (Supreme Court)].

5. RBI introduces 2 new annual return forms NBS8 and NBS9 for NBFC- ND with assets size of Rs100-500 Crore and with assets size below Rs 100 Crore Respectively Notification of 09.07.2015.

6. NIRC of ICAI is organising Seminar on Banking on 18 July at 10 AM at Hotel Le Meridien, Janpath, Delhi. Fee 2000.

7. NIRC of ICAI is organising workshop on parenting skills on 19 July from 10AM-1PM at ICAI Bhawan, Vishwas Nagar, Delhi. No Fee.

8. NIRC of ICAI is organising self-Defence Program for female Members & Students on 18-19 July from10-1PM at AIMO Center, Vishwas Nagar, Delhi.


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