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Updates of the day...

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Updates Of the Day
1.ICAI clarification on use of CA Logo and ICAI Emblem inside a rounded triangle with white background is permissible to be used by the members.
2.RBI issued a direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetization Scheme, 2015.
3.Service tax department clarification dated 23rd October, 2015: Mere transfer of title in immovable property is exempted from service tax after issue of occupancy certificate but before issue of completion certificate.
4.Shipping Company in UAE owned by the shareholders in Switzerland could not be said to have been created for the purpose of availing India - UAE tax treaty benefits. [ITO vs MUR Shipping DMC Co., UAE [Rajkot ITAT]
5.Section 147 can be invoked only if AO has reason to believe that taxable income has escaped assessment. [Oriental Insurance Company vs. CIT (Delhi High Court)]
6.E-file TDS statement for the quarter ended on 30th Sept., 2015 by 31st Oct., 2015.
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