Corporate Updates – 11-01-2017


NIRC invites you to full day seminar on the theme niro. Depending upon the response, ON the SPOT registration may not be allowed. Online Payment / Registration Facility Available; PCH – 4.


The CBDT has issued a Circular which contains the rates of deduction of Income Tax from the payment of income chargeable under the head "Salaries" during the financial year 2016-17 and explains certain related provisions of the Act and Income-tax Rules, 1962. The relevant Acts, Rules, Forms and Notifications are also available at the website of the Income Tax Department. Further the circular has broad scheme of tax deduction at source from “Salaries”, Persons responsible for deduction tax & their duties and method of computation of income under the head “Salaries”.

CBEC – Service Tax

The CBEC has notified the Service Tax (Fifth Amendment) Rules, 2016 which shall come into force on the date of their publication in the Official Gazzette. In the Service Tax Rules, 1994, in rule 4C, in sub-rule (1), a proviso has been inserted, to provide that a person located in non-taxable territory providing online information and database access or retrieval services to a non-assesse online recipient located in taxable territory may issue online invoices not authenticated by means of a digital signature for a period upto 31st January, 2017.

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