MCA:
MCA has again extended the time for filing of notice of appointment of the cost auditor in Form CRA-2 due to non availability of the said Form. Earlier the date was extended upto 31/01/2015 and now the last date of filing of Form CRA-2 without any penalty/late fee is hereby extended upto 31st March, 2015.
CBDT:
CBDT has issued clarification regarding ‘Amount not deductible’ under Section 40(a)(i) of the Income Tax Act, 1961 for any payment of interest, royalty, fee for technical services paid to non resident without payment of tax deducted from it. It has been clarified that in all such cases, the Assessing Officer shall determine the appropriate portion of the sum chargeable to tax and such portion may vary from case to case based on the remittances & income components thereon.
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