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Updates of the day....

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Updates Of the Day
1.RBI lowered benchmarked repo rate by 50 bps to 6.75% while keeping CRR & SLR unchanged at 4% & 21.5% respectively.
2.DVAT Extending date of filing return in ECII & ECIII for Ist Qtr from 30.09.2015 to15.10.2015. However, date for Qtr 2 for E-Commerce remains same as 20.10.2015. Notification dated. 29.09.2015
3.PAN is mandatory in Annual Return Form MGT-7 Companies (Management and Administration) Second Amendment Rules, 2015 Dated 29 September 2015.
4.Rectification order u/s 154 cannot be made on debatable issue: [KKJ Foundations vs. ADIT High court of Kerala]
5.CBDT selected cases for scrutiny under CASS- AO to issue notice by today i.e. 30.09.2015 – Instruction No. 138 DIT (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi.
6.Today 30th September is last opportunity to declare undeclared foreign assets. Even esops held outside will fall within the rigour of the act.
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