Friday, 19 November 2021

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

posted: "INCOME TAX : Where all documents pertaining to purchase of three properties were furnished by assessee and Assessing Officer also verified documents and clearly formed an opinion for purpose of grant of exemption under section 54F in respect of one proper"
posted: "The assessee,Board of Control for Cricket in India ("BCCI"),is a society registered at Madras, on 28.11.40, under Societies Registration Act 1880 now repealed and substituted, so far as the State of Tamilnadu is concerned, by the Tamilnadu Societies Regis"
posted: "The CBIC has issued instructions regarding disposal of legacy issues such as issuance of SCNs, adjudication of SCNs and review of call book cases. It is also directed to issue SCNs without any delay where draft is prepared without waiting for last day of "
posted: "The Central Board of Indirect Taxes and Customs has notified the rate of exchange of conversion of the foreign currencies into Indian currency or vice versa, with effect from 19th November 2021, for import and export of goods.The Central Board of Indirect"
posted: "The DGFT has issued trade notice to inform that all IECs which have not been updated shall be deactivated. The IEC holders are provided a final opportunity to update their IEC till December 5th, 2021 failing which the given IECs shall be deactivated from "
posted: "INCOME TAX : Where assessee worked as dealer/redistributor for companies CG and UI and incentive received by assessee from UI, specifically for purchase of van was not in nature of any benefit or perquisite which had arisen from business so as to treat va"
posted: "RBI has released the report of the Working Group (WG) on digital lending including lending through online platforms and mobile apps. The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and soun"

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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....