Due date for tax audit extended

Utilizing the powers under section 119 of the Income Tax Act, 1961, CBDT has extended the date of filing Tax Audit from 30th Sept. 2017 to 31st Oct. 2017 for A.Y.2017-2018
Copy of the Order:https://drive.google.com/open?id=0B1rRav-P4-8JY0lqazVDUDhucTg

Service Tax Return for the period 1.4.2017 to 30.06.2017

Service Tax return for the period 1st April, 2017 to 30th June,2017 shall be submitted by 15th Aug. 2017, in form ST-3 or ST-3C as the case may be, period for revision of the return shall be 45 days from the date of submission of return.

Source:
https://drive.google.com/open?id=0B1rRav-P4-8JelI0dzY0Q3V4Nkk

FURNISHING OF STATEMENT OF FINANCIAL TRANSACTIONS UNDER FORM 61A

Under the Income Tax Laws a new concept of furnishing of “Statement of financial Transactions” in Form No 61A (previously called as ‘Annual Information Return (AIR)’, has been introduced. These statements will help the tax authorities to collect information on certain prescribed high value transactions undertaken by a person during the year.

Read More:

https://drive.google.com/open?id=0B1rRav-P4-8JQkFPcDBGUC1BYmM
Form 61A
https://drive.google.com/file/d/0B1rRav-P4-8JWG1Za2Q4VHgzMW8/view?usp=sharing

User Guide on Report Generating Utility for For 61A
https://drive.google.com/open?id=0B1rRav-P4-8JeGNleE1UWTREQkU

Source: https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/SFT_Report_Generation_Utility_User_Guide.pdf

UNION BUDGET 2017-18

Key Features of Budget 2017-2018
https://drive.google.com/file/d/0B1rRav-P4-8JdkdCb3d3MWNsODg/view?usp=sharing

The Finance Bill, 2017
https://drive.google.com/file/d/0B1rRav-P4-8JbXRMMURwTUFuM0U/view?usp=sharing

Provisions related to Direct and Indirect Taxes
https://drive.google.com/file/d/0B1rRav-P4-8JbGxCbHRUVmxlYTA/view?usp=sharing


Source: indiabudget.nic.in