Thursday, 31 December 2020

Daily digest for Gupta Chandan & Associates, on December 31, 2020

posted: "In India, mainly three types of non-profit organization are in existence as given below:- (a) Trusts formed under the Indian Trust Act 1880 (b) Societies registered under (section20) of the Societies Registration Act 1860 (c) Companies registered un"
posted: "The Ministry of Finance vide an office memorandum on 30-12-2020 had stated that Interest rate for Small Savings Schemes for the fourth quarter of financial year 2020-21 starting 01.01.2021 would remain unchanged from those notified for the third quarter ("
posted: "FEMA, BANKING & INSURANCE : There is always a presumption in favour of complainant that there exists a legally enforceable debt or liability and thereby burden is on accused to rebut such presumption by leading cogent evidence either oral or documenta"
at No comments:

Wednesday, 30 December 2020

Daily digest for Gupta Chandan & Associates, on December 30, 2020

posted: "GST/EXCISE/ST/VAT : Where assessee to have benefit under Service Tax Voluntary Compliance Encouragement Scheme, 2013 for period 2012-13 declared an amount of Rs. 23.20 lacs as tax payable and paid fully tax dues after prescribed period, interest on delaye"
posted: "COMPETITION ACT : Question of abuse of dominant position by OPs by way of inserting unfair/discriminatory conditions in tender for procuring bearings did not arise as bearings were widely used in many industries and not by OPs, engaged in printing bank no"
at No comments:

Tuesday, 29 December 2020

Daily digest for Gupta Chandan & Associates, on December 29, 2020

posted: "COMPANY LAW : Where company in liquidation did not have sufficient funds, however, appellant/plaintiff was ready and willing to reimburse cost of contesting suit at Delhi High Court on behalf of Official Liquidator, Madras, request of appellant/plaintiff "
posted: "INCOME TAX : Depreciation on leased assets to be allowed to assessee where assessee proved existence of leased assets with incontrovertible evidenceINCOME TAX : Depreciation on leased assets to be allowed to assessee where assessee proved existence of lea"
at No comments:

Monday, 28 December 2020

Daily digest for Gupta Chandan & Associates, on December 28, 2020

posted: "INCOME TAX : Where evidence filed by assessee sufficiently demonstrated that assessee had constructed a residential house within period of 3 years from date of transfer of original asset, absence of occupation certificate would not be a ground to deny cla"
posted: "INCOME TAX : Without making specific observation regarding transactions involved, approval under section 80G could not be deniedINCOME TAX : Without making specific observation regarding transactions involved, approval under section 80G could not be denie"
posted: "INCOME TAX : Without making specific observation regarding transactions involved, approval under section 80G could not be deniedINCOME TAX : Without making specific observation regarding transactions involved, approval under section 80G could not be denie"
at No comments:
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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....