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1.TCS @ 1% will be applicable on purchase of car valued more than Rs 10 lacs and purchase of jewellary for more than Rs 5Lacs with effect from today.
2.SEBI introduces new guidelines for winding-up of depositories.
3.Pay 45% Tax and declare undisclosed Income From 01.06.2016 to 30.09.2016.
4.Krishi Kalyan cess @ 0.5% on all taxable services with effect from Today, 01.06.16 resulting in effective rate of Service Tax @ 15%.
5.CBDT notifies date of Applicability of equalisation Levy with effect from 1st day of June, 2016 as the date on which chapter VIII of the said Act shall come into force.
6.Bad Debt admissible if written off as irrecoverable in books and it fulfills the conditions stipulated in sub section (2) of section 36 of the Act. : CBDT.
7.CBDT notifies Rules for Direct Tax Dispute Resolution Scheme; 31st Dec, 2016 is the deadline to make declaration.
8.No TDS for provident fund withdrawals of up to Rs 50,000 from today, June 1,2016.

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