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IMPORTANT UPDATES OF INCOME TAX AND MCA

 

IMPORTANT UPDATES OF INCOME TAX AND MCA

IMPORTANT UPDATES OF INCOME TAX AND MCA

 

Brief Summary of Today Updates

Income Tax Updates

1.Delhi HC dismissed petition seeking extension of due date of Sept. 30, 2015 for filing of return

2. Assessee liable for sec. 194C TDS as his records revealed that he acted as contractor and not as commission agent

 3. Voluntary declaration of concealed income before its detection by revenue doesn’t call for penalty

 

MCA Updates

4. Now private companies can take loan from relatives of its directors September 16, 2015

 

ICAI Updates

5. Announcement [17.9.2015]
Sub.: Amendment in ICAI Website Guidelines

In Details

1.Delhi HC dismissed petition seeking extension of due date of Sept. 30, 2015 for filing of return

IT : The Delhi High Court dismissed the petition which was filed to challenge the order of Government refusing to extend due date of 30-09-2015 as prescribed for filing income-tax returns of entities whose accounts are required to be audited. It was held that this petition was not drafted as PIL and it did not comply with the rules for filing a PIL.

IMPORTANT UPDATES OF INCOME TAX AND MCA

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