Vardhmaan LEGAL Services

Urgently looking for Fresher, Associates and executives for 5 years old Firm.

Area of Exposure:-

-GST Compliances
-Accounting and Auditing
-Income Tax Returns
-ROC Registrations and Compliances, company Incorporations, Annual Filings and company Management
-FEMA and IPR

Location: Walking distance from South Ex-1 Metro Stations, New Delhi

Please Mail you CV at [email protected] with subject line " RESUME FOR JOB" with the following information.:-
- Current Salary
- Expected Salary
- Notice Period

CBDT has vide Press release dated 31st May, 2017 extended the due date for furnishing Statement of Financial Transaction (SFT).
Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under Rule 114E of the Income-tax Rules, 1962. The due date for filing such SFT in Form 61A in respect of specified financial transactions registered or recorded during Financial Year 2016-17 is 31st May 2017.
Representations were received in the Central Board of Direct Taxes (CBDT) requesting for extension of the date of filing of the said SFT on account of the teething problems and the volume of data to be compiled. In view of these representations and in order to remove inconvenience and to facilitate ease of compliance, the CBDT, in exercise of powers conferred under section 119 of the Act, have extended the due date of furnishing of the SFT under Rule 114E (5) of the IT Rules, read with sub-section (1) of section 285BA of the Income Tax Act, 1961 in respect of specified financial transactions registered or recorded during Financial Year 2016-17, from 31st May 2017 to 30th June 2017.

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 11th May, 2017
S.O. 1513 (E).—In exercise of the powers conferred by sub-section (3) of section 139AA of the Income-tax
Act, 1961 (43 of 1961), the Central Government hereby notifies that the provisions of section 139AA shall not apply to
an individual who does not possess the Aadhaar number or the Enrolment ID and is:-
(i) residing in the States of Assam, Jammu and Kashmir and Meghalaya;
(ii) a non-resident as per the Income-tax Act, 1961;
(iii) of the age of eighty years or more at any time during the previous year;
(iv) not a citizen of India.
2. This notification shall come into force with effect from the 1st day of July, 2017.
[Notification No. 37/2017, F. No. 370133/6/2017-TPL]

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 11th May, 2017
S.O. 1513 (E).—In exercise of the powers conferred by sub-section (3) of section 139AA of the Income-tax
Act, 1961 (43 of 1961), the Central Government hereby notifies that the provisions of section 139AA shall not apply to
an individual who does not possess the Aadhaar number or the Enrolment ID and is:-

(i) residing in the States of Assam, Jammu and Kashmir and Meghalaya;

(ii) a non-resident as per the Income-tax Act, 1961;

(iii) of the age of eighty years or more at any time during the previous year;

(iv) not a citizen of India.

2. This notification shall come into force with effect from the 1st day of July, 2017.
[Notification No. 37/2017, F. No. 370133/6/2017-TPL]

ITR 5 for AY 2017-18 is also available for e-Filing. Other ITRs will be available shortly.

The Last date for filing of ST-3 and ST-3C return for the period October-2016 to March-2017 is 25th April, 2017.

The last date for submission of a valid return for AY 2015-16 expires on 31st March 2017 u/s 139. Those taxpayers whose returns for AY 2015-16 have been declared invalid u/s 139(9) by CPC are requested to file their return u/s 139(4)/139(5) before 31 March 2017

The due date for filing declaration in Form 1 (PMGKY) has been extended from 31st March 2017 to 10th April 2017 for assessees who have paid Tax, Surcharge, Penalty and Deposit under the Scheme, in the banks by 31st March 2017

ITR 1 and ITR 4 for AY 2017-18 are now available for e-Filing. Other ITRs will be available shortly.

Service tax rate amended for tour operator as FLAT rate of 9% will be charged for package tour and hotel booking from 22nd January, 2017.

In brief , for any kind of booking, there will be Flat service Tax rate of 9% (included swach bharat cess & krishi kalyan cess).
Bifurcation will be :
Service Tax = 8.40%
Swacch bharat Cess = 0.30%
Krishi Kalyan Cess = 0.30%
------------------------------------------
Total Service Tax = 9.00 %

Please note that any invoice raise on or after 22nd Jan 2017 will have Total 9% service Tax.
e.g. XYZ Tourism has provided services of Rs. 1000 then total Bill amount will be Rs. 1000+9% = Rs. 1090.

MCA -Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23.01.2017