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May 10, 2019
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GDP estimation: paid up capital blow up adjusts private corporate GVA, affecting levels more than annual growth.
Misinterpretation that out of survey units in the MCA database materially overstate GDP is misplaced: 21.4% are out of coverage enterprises engaged in other sectors and thus part of GDP, 0.9% are excluded establishments and 16.4% are closed or non traceable. GDP estimation applies a paid up capital based blow up factor because non reporting firms represent only 12-15% of paid up capital, yielding a modest multiplier of about 1.13-1.17; this adjustment affects GVA levels more than year to year growth rates, and the MCA private corporate database improves overall economic measurement.
May 9, 2019
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Personal guarantor bankruptcy rules set forms, filing fees, trustee appointment, claim submissions and asset valuation methods.
Rules set the procedural framework for bankruptcy proceedings against personal guarantors to corporate debtors, specifying competent Adjudicating Authority, prescribed forms and fees (Form A by debtor, Form B by creditor; fee five thousand rupees), service obligations, appointment of a bankruptcy trustee, public and creditor notice requirements, creditor claim submission in Form F with proof, and detailed rules on excluded assets and valuation of a single dwelling unit including a Schedule prioritising rent-capitalisation, comparable and land-and-building methods.

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Acts Income Tax