Friday, 21 January 2022

Daily digest for Gupta Chandan & Associates, on January 21, 2022

posted: "The legislature has intentionally drafted the provisions relating to Search and Survey in the statue book of Income Tax Act, 1961 with the target of unearthing the undisclosed income of any person in form of any money, bullion, jewellery or other valuable"
posted: "As the term month assumes importance especially in cases of capital gains let us discuss as to how "month" has been considered by various judicial authorities.As the term month assumes importance especially in cases of capital gains let us discuss as to h"
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 21st January 2022, for import and export of goods.The Central Board of Indirect "
posted: "INCOME TAX : Restriction on extent of built up area of commercial space in housing project imposed by way of amendment to section 80-IB(10) w.e.f. 1-4-2005 does not apply to housing projects approved before 1-4-2005 even though completed after 1-4-2005INC"
posted: "Finance Act 2020 expanded the scope of equalization levy ('EL') to provide that w.e.f. 01/04/2020, EL shall be levied @ 2% ('EL 2.0')on consideration received or receivable for e-commerce supply or services made or provided or facilitated by e-commerce op"

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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....