Tuesday, 17 November 2020

Daily digest for Gupta Chandan & Associates, on November 17, 2020

posted: "INCOME TAX : Appeal filed by assessee before Commissioner (Appeals) would be maintainable in respect of subject matter which do not pertain to grounds under section 263INCOME TAX : Appeal filed by assessee before Commissioner (Appeals) would be maintainab"
posted: "INCOME TAX : If payer, who was required to make payments to non-resident, had deducted tax at source from such payments, question of payment of advance tax by payee would not arise and, therefore, it would not be permissible for revenue to charge any inte"
posted: "INCOME TAX : Burden to prove that payee had paid tax directly under section 191 which assessee failed to deduct as TDS is placed on assessee, and not on Department; on failure to do so assessee is to be considered as assessee in defaultINCOME TAX : Burden"
posted: "With a view to improve the ease of doing business and reduce the cost of compliance, RBI has reviewed the existing forms and reports prescribed under FEMA, 1999, and accordingly, it has decided to discontinue the 17 returns/reports as listed in the Annexu"
posted: "To boost demand in the real-estate sector and to enable the real-estate developers to liquidate their unsold inventory, the Finance Minister has announced to increase the tolerable limit from 10% to 20% under Section 43CA and Section 56(2)(x). However, th"
posted: "SEBI: Where appellant RIL decided to sell 5% of its shareholdings in RPL and it took route with help of its agents to perpetuate scheme in cornering a substantive portion of market-wide position limit in relevant RPL Futures Contract, same was manipulatio"

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Daily digest for Gupta Chandan & Associates, on February 23, 2026

Income Tax Forms as applicable from 1st April 2026. Old forms under income tax Act 1961 added for better search....