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1.Catering charges should be included in Mandap keeper service.
2.Section 40A (3): No disallowance for genuine and bonafide cash transactions.
3.Section 80IB: Subsidies for reimbursement of production cost are business income.
4.Section 24(b):Co-owners with unspecified shares entitled to equal interest deduction.
5.ICSI allows 10 secretarial audits for F.Y. 2016-17 for practicing CS: Press release dated 09-04-2016.
6.Forms AOC-4, AOC-4 CFS, FC-2, MGT-14, INC-23, INC-12, INC-2, INC-7, INC-29, MGT-10, FTE, PAS-3 have been recently updated on MCA 21 portal.

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