MCA:
In order to provide ease for doing business to stakeholders, MCA is making continuous efforts to simplify incorporation related process. MCA will soon be dispensing with the requirement of separately uploading Forms 49 A& 49B after filing Spice e-forms. Accordingly, With effect from 6P.M. of 4th November 2017, stakeholders will NOT be required to upload signed 49A/49B using “Submit application for PAN/TAN” service, in respect of any fresh SPICe submission or Resubmission cases. PAN and TAN will continue to be issued as before based on the details submitted in the SPICe form itself.
CBDT:
CBDT has notified the amendments to the Income-tax Rules, 1962. These rules may be called the Income-tax (Twenty-fourth Amendment) Rules, 2017. Information and documents to be kept and maintained under proviso to sub-section (1) of section 92D and to be furnished in terms of sub-section (4) of section 92D. Further, every person, being a constituent entity of an international group having the prescribed value of international transactions, keep and maintain the information and documents of the international group, namely:- A list of all entities of the international group along with their addresses and a chart depicting the legal status of the constituent entity and ownership structure of the entire international group.
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