Tuesday, 2 November 2021

Daily digest for Gupta Chandan & Associates, on November 2, 2021

posted: "INCOME TAX : Where assessee explained source of cash credit in her bank account by filing material evidence, addition could not be made holding same as unexplained cash creditINCOME TAX : Where assessee explained source of cash credit in her bank account "
posted: "The SEBI has issued informal guidance whereby it has been clarified that the extant legal framework governing portfolio managers does not envisage investment in/advice on offshore shares and securities which are neither listed or intend to get listed in t"
posted: "The Central Board of Direct Taxes (CBDT) has notified that the tolerance limit of 1 per cent for wholesale trading and 3 per cent in all other cases for ALP determination during the Assessment Year 2021-22. "Wholesale trading" means an international trans"
posted: "In the context of formulating the proposals for the Union Budget 2022-23, the Ministry of Finance has invited suggestions for changes in the duty structure, rates, and broadening of tax base on both direct and indirect taxes from the industry and trade as"
posted: "The CBDT has notified e-Settlement Scheme, 2021 to conduct e-settlement of pending applications allocated or transferred to Interim Board from Settlement Commission. The applicant shall not be required to appear either personally or through authorised rep"
posted: "There are no qualms on taxability of income tainted with illegality. Even thereunder tax is assessed on'profits'amp; not on gross receipts.There are no qualms on taxability of income tainted with illegality. Even thereunder tax is assessed on'profits'amp;"
posted: "COMPETITION LAW : Where Nanded Waghala Municipal Corporation decided to redevelop Mahatma Phule Market through OP2-builder by demolishing old structure and informant having a mobile handset repairing shop in said market and having lost his livelihood due "

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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....