Wednesday, 18 August 2021

Daily digest for Gupta Chandan & Associates, on August 18, 2021

posted: "FEMA amp; BANKING : Where complainant filed complaint under section 138 of Negotiable Instruments Act on dishonour of cheque issued by accused for performance in a musical event but show was not performed and complainant had failed to establish that accus"
posted: "To put in place a suitable deterrent mechanism to address instances of repeated delivery defaults, the SEBI has specified that it will impose an additional penalty of 3% of the total value of the delivery default in the case of 'repeated default' by a"
posted: "The CBIC has issued circular to direct Directorates/Commissionerates that they shall not issue any circular or alert regarding clarification or interpretation of classification of goods. It was observed by CBIC on several occasions that such communication"
posted: "INCOME TAX : SLP granted against High Court's ruling that where assessee was non-resident company, entire tax was to be deducted at source on payments made by payer to it and there was no question of payment of advance tax by assessee; therefore, revenue "

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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....