Friday, 17 December 2021

Daily digest for Gupta Chandan & Associates, on December 17, 2021

posted: "INCOME TAX : SLP dismissed against impugned order of High Court holding that loss on account of settlement of forward contracts for purchase of plant and machinery was allowable even in a case where payment was not actually made by assesseeINCOME TAX : SL"
posted: "The SEBI, in an interpretative letter, clarified that entities that are not able to take shareholders' approval in material related party transactions due to embargo that related party cannot vote to approve such transactions shall follow the provision la"
posted: "As on 15-12-2021, 3.59 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Department. The number of ITRs filed per day has crossed 6 lakh and increasing every day as the extended due date of 31-12-2021 is approaching. Minist"
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 17th December 2021, for import and export of goods.The Central Board of Indirect"

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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....