Daily digest for Gupta Chandan & Associates, on July 3, 2021

posted: "INCOME TAX : Where Assessing Officer had disallowed claim for deduction under section 80JJAA on ground that relevant details regarding same were not placed before AO but were claimed by way of a communication , since claim was otherwise sustainable in law" New post on Gupta Chandan & Associates ITAT cannot remand matter back to AO if CIT(A) duly considering evidence placed on record before allowing relief: HC INCOME TAX : Where Assessing Officer had disallowed claim for deduction under section 80JJAA on ground that relevant details regarding same were not placed before AO but were claimed by way of a communication , since claim was otherwise sustainable in law, appellate authority was empowered to allow sameINCOME TAX : Where Assessing Officer had […] Read more of this post July 3, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1q6 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/itat-cannot-remand-matter-back-to-ao-if-cita-duly-considering-evidence-placed-on-record-before-allowing-relief-hc/

posted: "On a review of instructions on interest on overdue deposits, the RBI has decided that if a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to savings account or the co" New post on Gupta Chandan & Associates RBI reviews instructions on interest on unpaid, unclaimed term deposits On a review of instructions on interest on overdue deposits, the RBI has decided that if a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to savings account or the contracted rate of interest on the matured TD, whichever is lower.On […] Read more of this post July 3, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-1q5 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/rbi-reviews-instructions-on-interest-on-unpaid-unclaimed-term-deposits/

posted: "SEBI in an interpretative letter has clarified that Investment advisers (IA) cannot manage funds as well as securities on behalf of their clients and should not contemplate about asking power of attorney (PoA) in this regard. SEBI said such advisers can o" New post on Gupta Chandan & Associates Investment Advisors to render investment advice to clients and not manage funds, securities on their SEBI in an interpretative letter has clarified that Investment advisers (IA) cannot manage funds as well as securities on behalf of their clients and should not contemplate about asking power of attorney (PoA) in this regard. SEBI said such advisers can only provide investment advice to clients. In a letter to SEBI, an IA had […] Read more of this post July 3, 2021 at 12:00 am | Categories: News, Taxman News | URL: https://wp.me/pcenIR-1q4 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/investment-advisors-to-render-investment-advice-to-clients-and-not-manage-funds-securities-on-their/

posted: "Independent Directors (IDs) play an important role in the overall framework of corporate governance.Independent Directors (IDs) play an important role in the overall framework of corporate governance.taxmann.com Latest ArticlesRead More" New post on Gupta Chandan & Associates SEBI focus on strengthening the framework related to Independent Directors Independent Directors (IDs) play an important role in the overall framework of corporate governance.Independent Directors (IDs) play an important role in the overall framework of corporate governance.taxmann.com Latest ArticlesRead More Read more of this post July 3, 2021 at 12:00 am | Categories: News, Taxman Articles | URL: https://wp.me/pcenIR-1q3 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sebi-focus-on-strengthening-the-framework-related-to-independent-directors/

posted: "The Central Board of Direct Taxes (CBDT) has notified a new Rule 8AB to the Income-tax Rules, 1962 to prescribe manner to compute attribution of income taxable under section 45(4) to the capital assets remaining with the specified entity for the purpose o" New post on Gupta Chandan & Associates CBDT notifies Rule 8AB for computation of sum attributable to capital asset u/s 48(iii) The Central Board of Direct Taxes (CBDT) has notified a new Rule 8AB to the Income-tax Rules, 1962 to prescribe manner to compute attribution of income taxable under section 45(4) to the capital assets remaining with the specified entity for the purpose of section 48(iii). Specified entities are also required to furnish the details in […] Read more of this post July 3, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-1q2 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/cbdt-notifies-rule-8ab-for-computation-of-sum-attributable-to-capital-asset-u-s-48iii/