TAXATION CBDT - Cost Accountant (s) eligible to be e-Return Intermediary - Ministry of Finance, Central Board of Direct Taxes (CBDT) vide Notification dated 9th August, 2016 has now allowed Cost Accountant (s) to be eligible to be e-Return intermediary under section 139 of the Income Tax Act, 1961. CBDT mandates PAN of authors/ founders/ trustees/ managers in Form 10A - Ministry of Finance, Central Board of Direct Taxes (CBDT) vide Notification dated 9th August, 2016 has mandated to provide Permanent Account Number (PAN) of authors/founders/trustees/managers in Form 10A. CBDT notifies Revised DTAA / Convention with Mauritius - Ministry of Finance, Central Board of Direct Taxes (CBDT) vide Notification dated 10th August, 2016 has notified the revised Double Taxation Avoidance Agreement (DTAA) with Mauritius. Revision of format of Form 3 of Income Declaration Scheme 2016 - Ministry of Finance, Central Board of Direct Taxes (CBDT) vide Notification dated 12th August, 2016 has revised the format of Form 3 “Intimation of Payment Under Sub-Section (1) of Section 187 of The Finance Act, 2016 In Respect of the Income Declaration Scheme, 2016”. Due date for Acknowledgement of Declarations under Income Declaration Scheme,2016 - Ministry of Finance, Central Board of Direct Taxes (CBDT) vide Instruction dated 12th August, 2016 has issued order under section 119 of the Income Tax Act, 1961 with regard to the due date for providing acknowledgement in Form 2 to be issued by the Principal Commissioner/Commissioner to the declarant within 15 days from the end of the month in which the declaration has been furnished. Hence, the acknowledgment in Form-2 for the declaration filed in the month of July, 2016 which was required to be issued by 15th August, 2016 has been extended to 30th August, 2016. Premature Closure of PPF Account - Ministry of Finance vide Press Release dated 12th August, 2016 has allowed premature closure of Public Provident Fund (PPF) Account. The Government has allowed premature closure of the PPF account in extreme circumstances like life threatening disease treatment or for children’s' higher education.