Wednesday, 3 November 2021

Daily digest for Gupta Chandan & Associates, on November 3, 2021

posted: "INCOME TAX : Where on builder's failure to handover possession of flat to assessee, Real Estate Regulatory Authority directed builder to refund advance amount paid by assessee with compensatory interest, since, amount payable to assessee was in nature of "
posted: "INCOME TAX : Where assessee sold a residential property and invested entire sale consideration on purchase of a new residential property, assessee was entitled to exemption of entire amount invested by her under section 54 even if new residential property"
posted: "The Reserve Bank of India has revised Prompt Corrective Action (PCA) framework for Scheduled Commercial Banks which will be effective form Jan, 2021. The objective of the PCA Framework is to enable Supervisory intervention at appropriate time and require "
posted: "The Central Board of Direct Taxes (CBDT) has notified pension fund, namely, the School Employees Retirement System of Ohio, for the purpose of exemption under section 10(23FE). The notified funds shall be eligible to claim exemption in respect of investme"
posted: "INCOME TAX : Where assessee sold a residential property and invested entire sale consideration on purchase of a new residential property, assessee was entitled to exemption of entire amount invested by her under section 54 even if new residential property"

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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....