Friday, 6 November 2020

Daily digest for Gupta Chandan & Associates, on November 6, 2020

posted: "INCOME TAX: Guideline value shown in sale deed could not be construed as actual sale value to conclude that assessee had under quoted sale amount in returnINCOME TAX: Guideline value shown in sale deed could not be construed as actual sale value to conclu"
posted: "The market regulator, SEBI has decided to enhance the investment limits per Mutual Fund. As a result, Mutual Funds can make overseas investments subject to a maximum of US USD 600 million per Mutual Fund, within the overall industry limit of US USD 7 bill"
posted: "INCOME TAX : Where payee simply carried out a contractual work of up-linking and broadcasting programmes made or produced by assessee in electronic media by permitting assessee to avail benefit of requisite electronic set up against payment of fee as long"
posted: "INCOME TAX : Where assessee had duly complied with provisions of section 194C by collecting requisite 15-I Form, assessee was not liable to deduct TDS, on payment made to transportersINCOME TAX : Where assessee had duly complied with provisions of section"
posted: "INCOME TAX : Where Assessing Officer received information from entry operators that their bank accounts were used for layering funds and providing accommodation entries in form of bogus share capital/premium, bogus LTCG/STCG to several beneficiaries, incl"

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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....