Saturday, 6 February 2021

Daily digest for Gupta Chandan & Associates, on February 6, 2021

posted: "As per section 133 of the Companies Act 2013, the Central Government prescribes the accounting standards or any addendum thereto as recommended by the Institute of Chartered Accountants of India, constituted under section 3 of the Chartered Accountants Ac"
posted: "DGFT has introduced e-TRQ system and with effect from 8th February, all applications will be submitted on e-Tariff Rate Quota system. No paper copies of TRQ import license will be issued.DGFT has introduced e-TRQ system and with effect from 8th February, "
posted: "TRANSFER PRICING : Where TPO determined ALP for five regional services availed by assessee from its AEs at Nil on ground that there was no evidence of receipt of services by assessee, since-text of e-mails produced by assessee to demonstrate receipt of se"
posted: "INCOME TAX : As section 115JC starts with non-obstante clause, provisions relating to Alternative Minimum Tax can be invoked by Assessing Officer without giving prior notice; therefore, where section 115JC was invoked during remand proceedings without giv"
posted: "SEBI has issued master circular on depositories in order to enable the users to have access to all the applicable circulars/directions at one place. Master Circular is a compilation of the relevant circulars/communications pertaining to Depositories issue"

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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....