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Updates Of the Day !!!!!

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1. Deduction u/s 80IA (4) of IT Act cannot be disallowed, merely on the ground that assessee is not the owner of infrastructure facilities [ En-Vision Enviro Engineers (P) Ltd. vs DCIT]

 2. CBDT extends due date of filing wealth-tax return from July 31, 2015 to Aug. 31, 2015. [Notification No. (F.NO.328/08/2015-WT), Dated 27-07-2015].

 3. Government clears GST amendments, states to be compensated for 5 years.

 4. Due date of filing return for the persons engaged in e-commerce business under DVAT- extended up to 30-09-2015. The said notification prescribed the form and due date of return as form EC-II and EC-III to be filed quarterly by 10th day of the following month extended.

 5. SEBI has proposed treating brokers of commodity exchanges on a par with their counterparts in equity exchanges.

 6. A Chartered accountant in practice can also practice in corporate form. The council permits a CA in practice to practice in corporate form also subject to compliance of guidelines.
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