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IT Return due date extended to 17th October for Tax Audit cases

IT Return due date extended to 17th October for Tax Audit cases   Based on F No. 225/195/2016-1 dated 09-09-2016 and Order under section 119 of the Income Tax act 1961 the due date for Filing Income Tax Return for Assessees liable for audit and required to file return u/s 139(1) on or before 30 th September 2016 has been extended to 17th October 2016.   This is on account…

GST Bill receives President Assent

GST BILL gets president Assent The government plan to roll out GST by April 17 gets an inch closer by signing of Constitution 122nd Amendment Bill 2014 by President. It will be enacted as the Constituion 101 st Amendment Act 2016. A GST Council will be setup within 60 days, which will recommend GST Rate , Exempted Goods and Servicess, Subsumation of Surcharge etc. Later CGST , IGST Legislations have…