The Finance Act, 2017 inserted Section 139AA to the Income Tax Act, 1961 mandating lining of Aadhaar number with PAN w.e.f 1.7.2017. An update on Law on linking of Aadhaar number with PAN can be downloaded here -> Aadhaar linking to PAN. CBDT’s Press Release on easing linkage of Aadhaar with PAN can be accessed …

Update on Section 194-IB of the IT Act, 1961 as inserted by Finance Act, 2017 Update on Section 194-IB of IT Act By:- CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com

A Comprehensive update on Notification No. 95/2015 dated 30.12.2015 relating to rule 114E u/s 285BA (Annual Information Report) IT-Update on Rule 114E By:- CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com

Changes in TDS/ TCS Rates and Thresholds w.e.f. 01.06.2016 Depicted in the attached table: IT-Revised Tabular Update on TDS-TCS-Advance Tax By:- CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com

A comprehensive note on amended Rule 12 of Income Tax Rules, w.e.f. 01.04.2017, related to Income Tax Returns is discussed in the attached document. Update on IT Rule 12 & ITR Forms (AY 2017-18) By: CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com

A note on restrictions imposed on cash transactions vide Section 269ST of the Income Tax Act, 1961 w.e.f. 01.04.2017 is discussed in the attached document. IT-Update on Section 269ST By: CA Rajiv Kr. Jain +91-9810288997 rajivkjain0608@gmail.com

The Goods and Service Tax Act have been passed by the Indian Parliament and has received assent of the President. Once the said Acts are notified and the State GST Acts are enacted, GST shall come into force. It is highly expected that GST shall come into force force from 1st July 2017. The GST …

Some of the rules have been placed in public domain by the GST Council for comments. Rules such as Valuation, ITC, Composition, Transition, etc. have been placed in public domain for the first instance. Whereas some revised version of rules have also been released, such as Rules pertaining to Invoice and Refund. The rules may …

The GST bills, namely CGST (Central GST), UTGST (Union Territory GST), IGST (Integrated GST) and GST Compensation to States Bill were introduced in the Lok Sabha on 27.03.2017. The bills are available as under for ready reference. Central Goods and Service Tax Bill, 2017 Union Territory GST Bill, 2017 Integrated GST Bill, 2017 GST Compensation …

An analysis of the Budget 2017 (tabled on 1st Feb 2017) – changes in Service Tax and CENVAT Credit – by Athena Law Associates Link to downloadable pdf below: Athena Analysis – Service Tax & Cenvat Changes by Budget – 2017