Monday, 30 August 2021

Daily digest for Gupta Chandan & Associates, on August 30, 2021

posted: "Due to the difficulties reported by the taxpayers amp; other stakeholders, the CBDT has issued Circular No. 16/2021 for extending the due dates for e-filing of certain forms under the Income-tax Act, 1961. The due date for filing of application for regist"

Saturday, 28 August 2021

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

posted: "The Govt. has issued Notification No. 48/2021-Customs (ADD) in order to extend the applicability of Anti-Dumping Duty ('ADD') on import of Uncoated Copier Paper originating amp; exported from Indonesia and Singapore till 28-Feb-2022. Currently, ADD is pay"
posted: "The RBI has made enhancements to the Indo-Nepal Remittance Facility Scheme, whereby the ceiling per transaction has been increased from Rs. 50,000 to Rs. 2 lakh and the cap of 12 remittances in a year per remitter has been removed. The enhanced limit is e"
posted: "In exercise of the powers conferred by sub-section (2) of section 1 of the Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021, the MoF has appointed the 1st day of September, 2021, as the date on which the provisions of the said Act "
posted: "The Income-tax dept. has carried out search operations on group based in Rajkot and Visakhapatnam. Group based in Rajkot is among Gujarat's prominent real estate builders amp; developers and is actively engaged in real estate, construction and land tradin"
posted: "Keeping in view the recent updates to Prepaid Payment Instruments (PPIs) guidelines, RBI has decided to issue updated master direction on Issuance and Operation of Prepaid Payment Instruments (PPI-MD) and subsequent amendments made thereto.Keeping in vie"

Friday, 27 August 2021

Daily digest for Gupta Chandan & Associates, on August 27, 2021

posted: "INCOME TAX : Where AO issued a reopening notice against assessee doctor on ground that a statement of a manager (operations) in hospital in which assessee was practicing was recorded in which he stated that on basis of number of patients visited to assess"
posted: "INCOME TAX : Where AO issued a reopening notice on ground that assessee company had paid a sum of huge amount to his managing director apart from directors remuneration and same was to be disallowed under section 36(1)(ii), since assessee had made adequat"
posted: "The SEBI has issued detailed modalities for implementation of the accredited investors (AIs), framework. The guidelines prescribes eligibility criteria for AIs, procedure as well as validation for accreditation, procedure to avail benefits linked to accr"
posted: "INCOME TAX : Where assessee purchased a property and made part payment of sale consideration by cheque on very next day of execution of purchase agreement and registry was done after a year, since such part payment made by cheque on very next day of execu"

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....