Daily digest for Gupta Chandan & Associates, on April 13, 2022

posted: "INCOME TAX : Where concerned person had shown documents to explain goods which he was carrying when he was searched and also gave a statement that articles were belonging to two firms and were part of their stock-in-trade, before seizure of said goods, ex" New post on Gupta Chandan & Associates Dept. can't keep seized jewellery for years when assessee duly produce all relevant records to prove its source: HC INCOME TAX : Where concerned person had shown documents to explain goods which he was carrying when he was searched and also gave a statement that articles were belonging to two firms and were part of their stock-in-trade, before seizure of said goods, explanation ought to be taken from concerned firms and if they were […] Read more of this post April 13, 2022 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-2lL Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/dept-cant-keep-seized-jewellery-for-years-when-assessee-duly-produce-all-relevant-records-to-prove-its-source-hc/

posted: "The Govt. has amended the FEMA (Non-debt Instruments) Rules, 2019 to align the same with the modified FDI policy as issued by the Govt. vide. PRESS NOTE NO. 1, DATED 14-3-2022. Amended norms allow a start-up to issue convertible notes for a period of 10 y" New post on Gupta Chandan & Associates Govt. amends FEMA (Non-debt Instruments) Rules, 2019 in line with modified FDI policy The Govt. has amended the FEMA (Non-debt Instruments) Rules, 2019 to align the same with the modified FDI policy as issued by the Govt. vide. PRESS NOTE NO. 1, DATED 14-3-2022. Amended norms allow a start-up to issue convertible notes for a period of 10 years earlier timeline was of 5 years. A more defined […] Read more of this post April 13, 2022 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-2lK Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/govt-amends-fema-non-debt-instruments-rules-2019-in-line-with-modified-fdi-policy/