Friday, 2 July 2021

Daily digest for Gupta Chandan & Associates, on July 2, 2021

posted: "INCOME TAX : Application of income outside India is not a relevant criteria for rejecting application for grant of registration under section 12AAINCOME TAX : Application of income outside India is not a relevant criteria for rejecting application for gra"
posted: "In an earlier article the need for conforming to and the circumstances in which the rule of consistency ("Res-judicata") applies and how it aids in contributing to the stability, predictability and efficacy of the tax-administration and adjudication syste"
posted: "The Central Board of Indirect Taxes and Customs has notified the rate of exchange of conversion of the foreign currencies into Indian currency or vice versa, with effect from 2nd July, 2021, for import and export of goods.The Central Board of Indirect Tax"
posted: "CBIC has decided to launch a new version of web application to start online filing of AEO T2 amp; T3 application which will be available from July 7, 2021.CBIC has decided to launch a new version of web application to start online filing of AEO T2 amp; T3"
posted: "An IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. However, for the current year i. e. 2021-22, this period is extended by another month i.e. till 31st July, 2021.An IEC holder has to ensure"
posted: "The Government of India has approved of the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with the same scope and coverage, for a further period of three months, i.e., up to September 30, 2021. The extension tak"
posted: "On 01-07-2021, majority of the members OECD/G20 Inclusive Framework on BEPS (including India) adopted a high-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy. India "
posted: "INCOME TAX : Where assessee-company wrote off outstanding interest on advances paid to its subsidiary as irrecoverable when net worth of subsidiary eroded, assessee's claim of bad debt was to be allowed without expecting assessee to prove that debts had a"
posted: "In order to ensure availability of comprehensive information mentioned in the circulars at one place, the SEBI has released Master Circular by compiling all the circulars issued by the department till the date of Master circularIn order to ensure availabi"
posted: "FEMA amp; BANKING : Where applicant acquired debts of company in liquidation from bank, applicant was to be permitted to proceed against assets of company-in-liquidation as secured to it by standing outside winding up proceedingsFEMA amp; BANKING : Where "

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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....