Corporate Updates – 28-07-2015

Don’t read success stories, you will only get a message. Read failure stories, you will get some ideas to get success. ~ Abdul Kalam Azad


DVAT Authorities have extended the last date of filing of online / hard copy of first quarter return for the financial year 2015-16, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure / enclosures from 28/07/2015 to 04/08/2015. However, the tax due shall continue to be paid in the usual manner as per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004. Further, the dealers filing the returns through digital signature need not be required to file hard copy of the return / Form DVAT-56.


The Central Government has notified the Cost Inflation Index for the Financial Year 2015-16. This Cost Inflation Index is required for the purpose of computation of Capital Gains while providing benefit to the assessee for the cost incurred in the previous years. The notified Cost Inflation Index for the current financial year is 1081.

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