Thursday, 26 August 2021

Daily digest for Gupta Chandan & Associates, on August 26, 2021

posted: "EXCISE/ST/VAT : Where Adjudicating Authority provisionally attached eleven bank account of assessee, assessee was to be permitted to collect from bank accounts Rs. 2 crores to pay salaries of employees and balance amount available in bank accounts will be"
posted: "SEBI has asked depositories to use block chain technology to record and monitor security creation as well as covenants of non-convertible securities. Distributed ledger technology has the potential to provide more resilient system than traditional central"
posted: "Keeping in view stakeholder feedback, RBI has decided to extend the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. This initiative is expected to make c"
posted: "INCOME TAX : Where assessee brought to notice of Pr. Commissioner that no disallowance could be made under section 40(a)(ia) even if there was a violation under section 194C(7), Pr. Commissioner could not have set aside assessment order under section 263 "
posted: "INCOME TAX : Lease rent income received from letting out modules of software technology park to various lessees would constitute income from business and eligible for deduction under section 80-IAINCOME TAX : Lease rent income received from letting out mo"
posted: "INCOME TAX : Where major amount from opening balance in capital account of a partner of assessee partnership firm was withdrawn by said partner and only a meager sum was available with partnership firm for its business purposes,INCOME TAX : Where major am"
posted: "The MCA has issued FAQs on various issues concerning CSR. The FAQs have been broadly classified into topics as viz. a) Applicability of CSR b) CSR Framework c) CSR Expenditure d) CSR Activities e) CSR Implementation f) Ongoing Project g) Treatment of Unsp"

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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....