Monday, 15 March 2021

Daily digest for Gupta Chandan & Associates, on March 15, 2021

posted: "INCOME TAX : Where reopening notice was issued against assessee partner on ground that amount of interest and remuneration received by him from partnership firm as per a clause in partnership deed being claimed as deduction under section 10AA by firm was "
posted: "The Ministry of Finance (MOF) has notified the Securities and Exchange Board of India (Annual Report) Rules, 2021 whereby new format for annual report has been given. From now on, report shall include an analysis of economic and investment environment in "
posted: "INCOME TAX : Assessee third party administrator of insurance company could change accounting method from invoice completion method to proportionate completion methodINCOME TAX : Assessee third party administrator of insurance company could change accounti"
posted: "INCOME TAX : Where assessee society, engaged in carrying on religious and charitable projects, had utilized maximum part of an anonymous voluntary donation received by it for aims and objectives of society, no addition qua said donation was to be made on "
posted: "The CBDT has enhanced scope of nature of transactions to be reported under Statement of Financial Transaction as per Rule 114E. Capital gains on transfer of listed securities or units of Mutual Funds, dividend income from company and Interest income earne"
posted: "INCOME TAX : Where assessee, a public charitable trust registered under section 12A, had substantially satisfied condition for availing benefit of exemption as a trust, it could not be denied exemption merely on bar of limitation in furnishing audit repor"

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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....