Guidelines for Tax Assessment of Firms
CBDT has issued guidelines on issues to be taken into consideration by the Assessing Officer while carrying out assessment of firms. The guideline covers issues like:
Cross verification of Tax Returns and Examination of Partnership Deed, Remuneration and interest payable to Partner, claims of carry forward and set off of losses, Tax Audit Report etc.
DPCC order on the registration of white-category industries
The Delhi Pollution Control Committee (DPCC) has introduced registration charges for white industries in order to curb the advantages taken by white industries set up in non-confirming areas, which are not entitled to free registration.
Telengana Government exempts all the Shops and Establishments from renewal of Registration
The Government of Telengana has approved exemption to existing shops and establishments from renewal of registration already granted under Telengana Shops and Establishment Act, so long as annual fee is paid by 01st December and has decided to grant new registration certificates within 1 day from the date of application.
