Tuesday, 30 November 2021

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

posted: "INCOME TAX : Amount deposited by Insurance Company, on account of deduction of tax on interest amount was to be released in favour of applicants, as proportionate valuation of entitlement of interest amount to awarded amount was only Rs. 7000 per claimant"
posted: "FEMA, BANKING amp; INSURANCE : Where appellant-directors of company filed petition before High Court seeking quashing of complaint against them filed under section 138 on ground that they were non-executive directors not responsible for day-to-day affairs"
posted: "The DGFT has issued notification to amend the export policy of Agar Oil and Agarwood (Aquilaria Malaccensis) Chips and Powder. The export policy has been amended from Free to Restricted and export quota of 25000 Kg p.a. for Agarwood Chips and Powder and e"
posted: "The Ministry of Corporate Affairs has taken numerous measures ameliorate difficulties faced by companies by launching schemes like; The Companies Fresh Start Scheme, 2020; LLP Settlement Scheme, 2020 and granting relaxation on levy of additional fees for "
posted: "COMPETITION ACT : Allegations of non-handling of letter of possession for residential plot by OP-builder to informant-allottee was in nature of an individual civil dispute rather than competition issue and thus, information against OP was to be closedCOMP"
at No comments:

Monday, 29 November 2021

Daily digest for Gupta Chandan & Associates, on November 29, 2021

posted: "COMPETITION LAW : Where in a tender floated by GAIL for restoration of well site locations in a GAIL operated block, OP bidders submitted their bids from a common internet protocol, and, e-mail dump of OPs had also revealed that OPs were in regular touch "
posted: "The Directorate General of Foreign Trade has issued advisory for exporters and members of Trade to ensure safe custody of duty scrips, digital tokens, documents etc. It is also requested to be vigilant about online theft of certificates and duty scrips.Th"
posted: "INCOME TAX : All expenses incurred prior to commencement of business are to be treated as pre-operative expenses and expenses incurred which do not form part of work-in-progress like office expenses, salaries, advertising, travelling expenses which are in"
at No comments:

Saturday, 27 November 2021

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

posted: "FEMA, BANKING amp; INSURANCE : When a secured creditor adopts a measure under section 13(4), any person aggrieved by same should approach jurisdictional DRT and it was incumbent on DRT to deal with matter and, upon DRT coming to a conclusion that creditor"
posted: "The securities market regulator, SEBI in an interpretative letter as clarified that services of creation or rebalancing of foreign stacks by a SEBI registered Investment adviser doesn't come under purview of SEBI (Investment advisers) regulations, and the"
posted: "INCOME TAX : Where assessee set-off/adjusted sales tax liability that arose at time of purchase of raw materials against sales tax collected at time of sale of finished goods, such amount of sales tax liability set off/adjusted, by legal fiction, was deem"
at No comments:
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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....