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1. CIT of ICAI is organising a seminar on forensic accounting and fraud prevention on 28th May 2016 from 9.30AM to 6PM at Hotel Le Meridien, New Delhi.
2.NIRC of ICAI is organising two days workshop on AS, IND AS and IFRS on 18 and 19 May from 5PM-8.30PM at ICAI Bhawan,Vishwas Nagar, Delhi.
3.FEM (exports of goods and services) regulations, 2015. Notification no. RBI/2015-16/395A.P. (DIR series) Circular No.68 [(1)/23(R)] dated may 12, 2016.
4.Primary agricultural credit society can claim deduction u/s 80P. [ The Chirakkal service Co-Operative Bank Ltd vs. CIT (Kerala HC)].
5.Exercise of Sec. 263 on expenses claim withdrawn by assessee valid. [Commissioner of Income Tax vs.Amitabh Bachchan (SC)].
6.Rajya Sabha passes the insolvency and bankruptcy bill and the finance bill 2016 on wednesday, 11th May, 2016.
7.Changes in VAT rate schedules w.e.f 10.05.2016. VAT rates on sweets and namkeen, marble, footwear, e-rickshaws reduced to 5%. DVAT Notification dated 09.05.2016.


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