Daily digest for Gupta Chandan & Associates, on April 23, 2022

posted: "COMPANY LAW : Scheme for Compromise or Arrangement submitted under section 230 ought to have consent of not less than 75 per cent of secured creditors, and an affidavit to that effect ought to accompany with Scheme and obligation to obtain consent of 75 p" Proposers of Camp;A scheme allowed to submit revised scheme as not opportunity was given to them to clarify scheme Apr 23 COMPANY LAW : Scheme for Compromise or Arrangement submitted under section 230 ought to have consent of not less than 75 per cent of secured creditors, and an affidavit to that effect ought to accompany with Scheme and obligation to obtain consent of 75 per cent of creditors is on person who proposes Scheme; where […] Read more of this post Comment Like 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 Powered by Jetpack

posted: "In the Finance Act 2022, amendments have been introduced in the First Schedule of the Customs Tariff Act, 1975, with effect from 1st May, 2022. In this document, Guidance Note on the Correlation Table is issued.In the Finance Act 2022, amendments have bee" Correlation of Customs Tariff w.r.t changes in effect from 1st May, 2022 Apr 23 In the Finance Act 2022, amendments have been introduced in the First Schedule of the Customs Tariff Act, 1975, with effect from 1st May, 2022. In this document, Guidance Note on the Correlation Table is issued.In the Finance Act 2022, amendments have been introduced in the First Schedule of the Customs Tariff Act, 1975, with […] Read more of this post Comment Like 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 Powered by Jetpack

posted: "A new clause (vb) is inserted under Rule 17C of the Income-tax Rules, 1962 to make the investment by authorized payment service providers in the equity share capital or bonds or debentures of 'Open Network for Digital Commerce Ltd.', as a permissible mode" Payment system providers entitled to Sec. 11 exemption can invest in 'Open Network for Digital Commerce Ltd.' Apr 23 A new clause (vb) is inserted under Rule 17C of the Income-tax Rules, 1962 to make the investment by authorized payment service providers in the equity share capital or bonds or debentures of 'Open Network for Digital Commerce Ltd.', as a permissible mode of investment for exemption under section 11 of the Income-tax Act.A new […] Read more of this post Comment Like 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 Powered by Jetpack

posted: "INCOME TAX : Circular No. 23 of 2019 dated 6-9-2019 read with Office Memorandum dated 16-9-2019, shall apply when assessee has earned/claimed bogus LTCG/STCL through penny stocks, however, where assessee has shown sale and purchase of such alleged penny s" Monetary limit for filing of appeal applicable if sale of penny stock was shown as PGBP income rather than capital gains Apr 23 INCOME TAX : Circular No. 23 of 2019 dated 6-9-2019 read with Office Memorandum dated 16-9-2019, shall apply when assessee has earned/claimed bogus LTCG/STCL through penny stocks, however, where assessee has shown sale and purchase of such alleged penny stocks as 'income from business or profession' in its return of income, said Circular read with […] Read more of this post Comment Like 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 Powered by Jetpack