Friday, 4 June 2021

Daily digest for Gupta Chandan & Associates, on June 4, 2021

posted: "INCOME TAX : Where Assessing Officer made disallowance under section 40(a)(ia) on account of provisions made by assessee towards commission payment to agents on which no TDS was deducted, since revenue had not made such disallowance of provisions made by "
posted: "The RBI has issued Governor's Statement on second wave of COVID-19 wherein provision related to Assessment of Growth and Inflation, Liquidity and Financial Market Guidance, Additional Measures, On-tap Liquidity Window for Contact-intensive Sectors, Specia"
posted: "The SEBI has enhanced overseas investments for mutual fund. As a result, Mutual Funds can make overseas investments subject to a maximum of US USD 1 billion per Mutual Fund, within the overall industry limit of US USD 7 billion.The SEBI has enhanced overs"
posted: "The ministry of Labour and Employment has issued draft Code on Social Security (Employee's Compensation) (Central) Rules, 2021 wherein provision related to Form, manner and fee for application for claim or settlement, Rules to give effect to arrangements "
posted: "The RBI has decided to open a separate liquidity window of ₹15,000 crore with tenors of up to three years at the repo rate till March 31, 2022 for certain contact-intensive sectors i.e., hotels and restaurants; tourism – travel agents, tour operators and "
posted: "The RBI has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate an"
posted: "The Securities and Exchange Board of India (SEBI) and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) have entered into a bilateral Memorandum of Understanding (MoU) for mutual co-operation and technical assistance. The objective of "

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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....