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1. CBDT recognizes Cost Accountants as e-return intermediaries. Visit http://www.icmai.in/upload/Institute/Updates/CBDT-Intermediary.pdf for details.
2. The Parliament passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 empowering banks to confiscate security in the case of loan default.
3. MEF for 2016-17 will be live from today (11th August) from 2pm with the option of Digital Signature.
4. SEBI introduces e-payment facility for payment of penalties, disgorgement amounts, etc. Pr no. 131/2016 dated 9th august 2016 issued by SEBI.
5. Reserve Bank of India keeps Repo rate unchanged at 6.50%.
6. Tax returns for A.Y.s 2009-10 to 2014-15 filled electronically under time limit of Section 139, to be verified through ITR V form by 31.08.16. CBDT Circular no.13/2016.

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