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1.Contributions made on or after the 1st day of April, 2016 by an employee participating in a recognised provident fund and superannuation fund, up to 40 % of the accumulated balance attributable to such contributions on withdrawal shall be exempt from tax.
2.Time Limit for completion of property acquired or constructed with the borrowed capital increase from 3 year to 5 years for getting exemption u/s 24(b) in respect of Self Occupied House Property
3.Increase in clean energy cess (Notification No. 1 & 2/2016 dated 29th Feb, 2016) applicable from 1st March, 2016.
4.MCA invite comments on Draft Companies (Revival And Rehabilitation Of Sick Companies) Rules, 2016, to be submitted latest by 14.03.16.
5.Last day to pay advance tax is 15th March for payment of 100% of income tax for FY 15-16.
6.New Form 35 for Appeal to the Commissioner of Income-tax (Appeals) introduced vide CBDT NOTIFICATION dated 01.03.16.

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