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Updates of the day....

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Updates Of the Day
1.Government has notified interest rate of 2.25% and 2.50% under gold monetization scheme.
2.SEBI has prescribed the disclosure requirements in the abridged prospectus in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and the Companies Act, 2013.
3.Application for duty credit scrips of additional 2% under market linked focus product scheme. Trade notice 08/2015.
4.Extension to 15.12.15 of last date to file online reconciliation return in form 9 for the year 2014-15.Circular No. 28 of 2015-16.
5.Interest under section 215 cannot be levied if partner had paid advance tax in individual capacity on bonafide estimate of firm’s income. (Punjab and Haryana High Court) in [CIT vs Mahesh Munjal HUF].
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