1. Individuals
struggling to link their permanent account number (PAN) with Aadhaar because of
differently spelt names can now simply upload a scanned copy of PAN to get the
work done.
2. All
cash payments over Rs. 2 lakhs for loans and credit card bills during the
50-day period after demonetization will have to be disclosed in the new one
page Income Tax Return form.
3. Under
GST, if another unit of entity outside SEZ has already gets registration done
then also separate registration shall be required for SEZ Unit or Developer
even if it’s in same state.
4. Under
GST, inward supplies which are not eligible for ITC fully or partly whether at
invoice level or otherwise have to be specified by the purchaser.
5. As
per CBDT, restriction on cash transaction shall not apply to withdrawal of cash
from bank, co-operative bank, or a post office savings bank.
6. Last
date for filing of Service Tax Return for the period from October 2016 to March
2017 is 25th April 2017.
7. Income
Tax department has tie-up with MCA. Consequently, it has started issuing PAN
and TAN to newly incorporated companies within 1 day (in e-form).
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