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Updates of the day...

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Updates Of the Day
1.NICASA of NIRC of ICAI is organising seminar on Forensic Audit and ERM for CA Students on 20.12.2015 at ICAI Bhawan, Vishwas Nagar, Delhi from 10AM- 5PM, with Lunch, No Fee.
2.Modified versions of LLP Form 4 and Form 27 to be available w.e.f 18.12.2015.
3.Delhi VAT- Filling of reconciliation return for year 2014-15- Date extended to 15.01.2016. Circular No. 32 of 2015-2016 In partial modification to this department Circular No.28 of 2015-2016.
4.Discount on ESOP being in the nature of employee cost, allowed u/s 37 subject to adjustment for lapsed /unvested options. [ACIT vs. People Interactive India Private Ltd. (ITAT Mumbai)].
5.PAN mandatorily to be quoted on transactions exceeding Rs.2 Lakh w.e.f. 01.01.2016 regardless of the mode of payment. CBDT press release of 15.12.2015.
6.CBDT notifies forms for reporting by investment funds u/s. 115UB(7). Notification no. 92/2015 statement under sub-section (7) of section 115UB. 12CB.
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