Ezybiz India Latest News Updates 17.12.2015

NEWS UPDATES:

1. CBDT notifies forms for reporting by investment funds u/s. 115UB(7). Notification no. 92/2015 statement under sub-section (7) of section 115UB. 12CB.
2. PAN mandatorily to be quoted on transactions exceeding Rs.2 Lacs w.e.f. 01.01.2016 regardless of the mode of payment. CBDT press release of 15.12.2015.
3. Discount on ESOP being in the nature of employee cost, allowed u/s 37 subject to adjustment for lapsed /unvested options. [ACIT vs. People Interactive India Private Ltd. (ITAT Mumbai)].
4. Delhi VAT- Filling of reconciliation return for year 2014-15- Date extended to 15.01.2016. Circular no. 32 of 2015-2016 In partial modification to this department Circular No.28 of 2015-2016.
5. Modified versions of LLP Form 4 and Form 27 to be available w.e.f 18.12.2015.