CORPORATE AND PROFESSIONAL UPDATE OCT 1, 2016
Today updates: DIRECT TAX:- CBDT has issued a Instruction No.9/2016 (IDS) dated 27/09/2016 on Non –indexation of assets sold prior to 01-06-2016.The Board has clarified that as per the provisions contained in section 183(2) of the Scheme that where the income chargeable to tax is represented in the form of investment in any asset, the fair market …