Wednesday, 28 July 2021

Daily digest for Gupta Chandan & Associates, on July 28, 2021

posted: "INCOME TAX : Where there were deficiencies in rectification application filed by assessee, defect should have been notified and opportunity to correct same should have been providedINCOME TAX : Where there were deficiencies in rectification application fi"
posted: "INCOME TAX : Where assessee-proprietor claimed expenditure incurred on foreign travel of his wife in capacity of Marketing Executive of proprietorship concern of assessee, since assessee had failed to prove with relevant documents that his wife was an emp"
posted: "INCOME TAX : Where assessee company issued shares at premium and received share capital and share premium of certain amount, since assessee had filed documentary evidences in respect of all share allotees such as copy of PAN, copy of share application, co"
posted: "Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in written reply to a question in Rajya Sabha informed that Govt. has identified total 2,38,223 companies as shell companies between 2018-2021. The Minister further stated that the Spec"
posted: "The Minister has stated the Direct tax collection for the first quarter of the current fiscal has doubled. The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs.2,46,519.82 crore as against Rs. 1,17,783.87 crore during the same period of "
posted: "INCOME TAX : Where company HCL was amalgamated with assessee company and reopening notice was issued against assessee in name of HCL on ground that as per ITS Data assessee had not reflected purchase of units of mutual funds in its return of income, since"

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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....