Thursday, 19 August 2021

Daily digest for Gupta Chandan & Associates, on August 19, 2021

posted: "INCOME TAX : Provision for non-performing assets made by assessee-bank in terms of RBI guidelines was allowable as deductionINCOME TAX : Provision for non-performing assets made by assessee-bank in terms of RBI guidelines was allowable as deductionwww.tax"
posted: "The DGFT has issued the detailed procedure and criteria for submission and approval of application for export of COVID-19 Rapid Antigen Test Kits. In this regard, trade notice has been issued.The DGFT has issued the detailed procedure and criteria for sub"
posted: "The CBDT has inserted two new Rules, i.e., Rule 12AA amp; Rule 51B to the Income-tax Rules, 1962. Rule 12AA prescribes 'any other person' who shall verify Income-tax Returns in case of companies and Limited Liability Partnership (LLP). Similarly, Rule 51B"
posted: "The Reserve Bank of India has issued revised instructions on safe deposit locker and safe custody article facility provided by banks. RBI has clarified that customers not having any banking relationship with the bank may be given the facilities of safe de"
posted: "INCOME TAX : Expenditure incurred by assessee-firm on partner's foreign education was to be allowed when post graduate course underwent by said partner was directly related to profession carried on by firm and several important contracts were secured by f"

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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....