Daily digest for Gupta Chandan & Associates, on November 3, 2020

posted: "The Central Board of Direct Taxes (CBDT) has notified the MIC Redwood 1 RSC Limited, Abu Dhabi, United Arab Emirates, as sovereign wealth fund for the purpose of section 10(23FE) exemption. Any income in the nature of dividend, interest or LTCG arising fr" New post on Gupta Chandan & Associates CBDT notifies Abu Dhabi's 'MIC Redwood 1 RSC Ltd.' as sovereign wealth fund for Sec. 10(23FE) exemption The Central Board of Direct Taxes (CBDT) has notified the MIC Redwood 1 RSC Limited, Abu Dhabi, United Arab Emirates, as sovereign wealth fund for the purpose of section 10(23FE) exemption. Any income in the nature of dividend, interest or LTCG arising from an investment made by it on or after 02-11-2020 but on or […] Read more of this post November 3, 2020 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-BL Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/cbdt-notifies-abu-dhabis-mic-redwood-1-rsc-ltd-as-sovereign-wealth-fund-for-sec-1023fe-exemption/

posted: "INCOME TAX: Second proviso to section 40(a)(ia) inserted by Finance Act, 2012, is clarificatory and it has retrospective effect from 1-4-2013INCOME TAX: Second proviso to section 40(a)(ia) inserted by Finance Act, 2012, is clarificatory and it has retrosp" New post on Gupta Chandan & Associates Second proviso to sec. 40(a)(ia) providing relief from being an assessee-in-default has retrospective effect INCOME TAX: Second proviso to section 40(a)(ia) inserted by Finance Act, 2012, is clarificatory and it has retrospective effect from 1-4-2013INCOME TAX: Second proviso to section 40(a)(ia) inserted by Finance Act, 2012, is clarificatory and it has retrospective effect from 1-4-2013www.taxmann.com Latest Case LawsRead More Read more of this post November 3, 2020 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-BJ Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/second-proviso-to-sec-40aia-providing-relief-from-being-an-assessee-in-default-has-retrospective-effect/