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Updates of the day...

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Updates Of the Day
1.NIRC of ICAI is organizing Seminar on FEMA on 19th Dec 2015 from 10AM to 5PM at NDMC Convention Centre, Opp Jantar Mantar, New Delhi.
2.NHAI Tax Free Bonds issue opens on 17.12.2015.Issue size - 10000Cr. Coupon Rates Retail 10 Years - 7.39% 15 Years - 7.60%.
3.DGFT had prescribed a procedure to be followed for claiming rewards under MEIS where exports had been made through EDI generated shipping bills between 01.04.2015 to 31.05.2015.
4.Anti-dumping duty cannot be charged for gap period, the period between lapse of provisional duty and imposition of final duty. [Supreme Court held In the case of Commissioner of Customs vs. G.M. Exports and Others].
5.Currency notes with anything written on them are also legal tender i.e. acceptable in market. Press Release 2015-2016/1400 dated 14.12.2015.
6.Date of filing CST Form 9 has been extended up to 15.01.2016 vide Circular No. 32 dated 15.12.2015.
7.Disallowance u/s 14A while computing book profit u/s 115JB permitted, covered in explanation to sec.115JB (2) [ITAT Mumbai: DCIT vs. Viraj Profiles Ltd].
8.The counsels have to inform to the ITAT about appeals of department having tax effect less than 10 lakhs by 18.12.2015.
9.CBDT has introduced the new facility of pre-filling TDS data while submitting online rectification. The new simplified process of online rectification of incorrect TDS details filed in the ITR.
10.CBDT mandates quoting of PAN for transactions exceeding Rs.2 lakhs regardless of the mode of payment with effect from 01.01.2016.
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