Certain recent Tax & Regulatory Updates - Compiled by RSM India (7th October 2016)

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Page 1: Certain recent Tax & Regulatory Updates - Compiled by RSM India (7th October 2016)

Certain Recent Tax & Regulatory Updates / News

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Compiled by RSM India (7th October 2016)

Page 2: Certain recent Tax & Regulatory Updates - Compiled by RSM India (7th October 2016)

Certain Recent Tax & Regulatory Updates / News (7th Oct 2016)

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Finance Ministry invites comments/suggestions from stakeholders by October 14, 2016 on the Report & Draft FRDI Bill (28 Sep 2016)

http://pib.nic.in/newsite/PrintRelease.aspx?relid=151215

Change in VAT Rates to 6% and 13.5% under Maharashtra Value Added tax Act (16 Sep 2016)https://www.facebook.com/RSMinIndia/photos/a.642205329148408.1073741825.183470841688528/1094861590549444/?type=3&theater

Extended due date of filing return would also apply for tax audit report; CBDT clarifies (14 Sep 2016http://www.incometaxindia.gov.in/Lists/Latest%20News/Attachments/77/Clarification-us-119-of-the-Income-tax-Act-1961-14-09-2016.pdf

CBDT - FAQ on the Direct Tax Dispute Resolution Scheme, 2016 (12 Sep 2016)http://www.incometaxindia.gov.in/communications/circular/circular33_2016.pdf

Page 3: Certain recent Tax & Regulatory Updates - Compiled by RSM India (7th October 2016)

Certain Recent Tax & Regulatory Updates / News (7th Oct 2016)

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SIT on Black Money asks RBI to develop institutional mechanism to track illicit financial flows (5 Sep 2016)

http://pib.nic.in/newsite/PrintRelease.aspx?relid=149532

Cabinet approves simplification and liberalisation of the Foreign Direct Investment Policy, 2016 in various sectors (31 Aug 2016)http://pib.nic.in/newsite/PrintRelease.aspx?relid=149381

Cabinet approves grant of Permanent Residency Status to Foreign Investors (31 Aug 2016)http://pib.nic.in/newsite/PrintRelease.aspx?relid=149376

Page 4: Certain recent Tax & Regulatory Updates - Compiled by RSM India (7th October 2016)

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