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No Tax Deduction: Form 15G and Form 15H Declarations

Income Tax : Resident individuals, eligible non-corporate taxpayers, and senior citizens can avoid TDS on specified incomes by furnishing Form ...

June 8, 2026 9393 Views 0 comment Print

TDS on Immovable Property Purchases: Compliance Under Income Tax Act 2025

Income Tax : The new Income Tax Act largely retains existing TDS rules on property transactions but significantly simplifies compliance for buy...

June 8, 2026 378 Views 0 comment Print

165 Legal Compliances and Legal Updates for June-2026 in India

CA, CS, CMA : This update compiles key statutory deadlines across multiple laws for June 2026. It highlights filing requirements under income ta...

June 8, 2026 53868 Views 2 comments Print

Understanding Higher TDS Rates: Section 206AA and 206AB

Income Tax : The guide explains Sections 206AA and 206AB, detailing higher TDS consequences for non-furnishing of PAN and return-filing default...

June 8, 2026 22152 Views 0 comment Print

Understanding TDS on Immovable Property Purchases: A Buyer’s Guide

Income Tax : Section 194-IA requires buyers of immovable property to deduct TDS at 1% when the sale consideration or stamp duty value is ₹50 ...

June 7, 2026 7140 Views 0 comment Print


Latest News


Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...

June 4, 2026 1497 Views 0 comment Print

Errors in New TDS Challans Under Income Tax Act 2025 Create Compliance Risks

Income Tax : The updated TDS challan system reportedly displays incorrect interest-related options under the Company Deductee category. Taxpaye...

May 7, 2026 1395 Views 0 comment Print

Clarification on Section 194A TDS on interest in case of banking institutions

Income Tax : Income Tax India, through its X account post dated 30.03.2026, has clarified the applicability of tax deduction at source (TDS) on...

March 31, 2026 1590 Views 0 comment Print

Draft Income Tax Rule 219: Statement of TDS or TCS U/s. 397(3)(b)

Income Tax : Rule 219 prescribes Forms 138, 140, 142–144, fixed quarterly due dates, special challan-cum-statements for specified transaction...

March 2, 2026 702 Views 0 comment Print

Draft Income Tax Rule 212, 213 – Buyer Declaration for No TCS u/s 394(2); Application for Lower/Nil TDS or TCS Certificate

Income Tax : Rules 212–213 introduce Form 127 for buyer declarations to avoid TCS and Form 128 for obtaining lower or nil TDS/TCS certificate...

March 2, 2026 1401 Views 0 comment Print


Latest Judiciary


Section 194C TDS not applies on materials purchased for installation work: ITAT Kolkata

Income Tax : ITAT Kolkata held that TDS under Section 194C was not required on materials purchased for installation work. The disallowance unde...

June 8, 2026 123 Views 0 comment Print

Calcutta HC Grants Injunction as TDS Records Acknowledged Loan Relationship

Corporate Law : The Court held that TDS certificates and income tax filings established a prima facie jural relationship between the parties. It g...

June 7, 2026 126 Views 0 comment Print

ITAT Grants 50% Telescoping Relief as Earlier On-Money Income Was Accepted

Income Tax : he Tribunal held that accepted on-money receipts from earlier years could partly explain cash deposits made during the demonetisat...

June 7, 2026 504 Views 0 comment Print

No TDS on Workmen Compensation as Package Was Linked to Industry Closure

Income Tax : The Court held that compensation paid to workmen under a Government-approved closure package was exempt under the second proviso t...

June 5, 2026 75 Views 0 comment Print

ITAT Deletes TDS Disallowance as Corresponding Income Was Settled Under VSVS

Income Tax : The ITAT Bangalore held that disallowance under Section 40(a)(i) could not survive once the recipient of the income settled the ta...

May 28, 2026 303 Views 0 comment Print


Latest Notifications


Transition from Form 15G/15H to Consolidated Form 121 for TDS-exempted Incomes

Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...

April 13, 2026 4608 Views 0 comment Print

Finance Act 2026

Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...

March 30, 2026 4305 Views 0 comment Print

CBDT Introduces Mandatory UIN System to Track No-TDS Declarations Under Form 121

Income Tax : The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enh...

March 28, 2026 29946 Views 0 comment Print

CBDT Extended TDS Certificate Deadline as E-Filing Portal Glitches Caused Delays

Income Tax : The issue involved delay in issuing TDS certificates due to technical issues. The Board extended the deadline to provide relief. T...

March 25, 2026 1215 Views 0 comment Print

Auto Suspension of GST Registration due to Non-Furnishing of Bank Account

Goods and Services Tax : The advisory explains that registrations will be automatically suspended if bank account details are not furnished within 30 days....

December 5, 2025 11652 Views 0 comment Print


Revenue Cannot Ignore Tribunal Findings While Issuing Section 197 Certificate: Delhi HC

February 22, 2026 498 Views 0 comment Print

The Court set aside the Section 197 order holding that distribution fees were treated as royalty without concrete reasoning. It directed issuance of a NIL tax withholding certificate.

Budget 2026: Electronic System for Lower or Nil TDS Certificates

February 22, 2026 2277 Views 0 comment Print

Budget 2026 introduces electronic system for lower or nil TDS certificates from 1 April 2026, impacting cash flow, MSMEs and compliance duties.

Sec 68 Addition Deleted – Third-Party Statement on Alleged Entry Provider Insufficient Without Independent Evidence – ITAT Mumbai

February 21, 2026 492 Views 0 comment Print

ITAT deleted ₹60 lakh addition as the Revenue relied solely on a third-party confession without independent verification. Documentary evidence such as confirmations, ITRs and bank statements discharged the assessee’s onus.

Festival Donations Allowed u/s 37(1); No 40A(ia) Disallowance Below TDS Limit; Interest Addition Upheld: ITAT Kolkata

February 21, 2026 516 Views 0 comment Print

The Tribunal upheld addition of interest accrued on security deposits that was not disclosed in the return. It ruled that accrued interest must be taxed when not voluntarily offered by the assessee.

Adhoc 30% Expense Disallowance Deleted – No Specific Defects or Verification by AO: ITAT Chandigarh

February 19, 2026 480 Views 0 comment Print

The Tribunal upheld deletion of a 30% ad hoc disallowance, holding that expenses cannot be rejected without identifying concrete defects or conducting proper verification.

Penalty u/s 271C for Non-Deduction of TDS on Foreign LTC Upheld: ITAT Chandigarh

February 19, 2026 804 Views 0 comment Print

ITAT ruled that exemption under Section 10(5) does not extend to foreign travel, following the binding Supreme Court decision. Consequently, non-deduction of TDS attracted penalty under Section 271C.

ITAT Chandigarh Upholds Sec 271C Penalty – Nodal Govt. Agency Liable for Non-Deduction of TDS U/s 194C

February 19, 2026 420 Views 0 comment Print

The Tribunal held that mere transfer of funds to a state undertaking does not shift statutory TDS liability. Without proof of lawful discharge of TDS, penalty was sustained

ITAT Raipur Remands Cash Purchase Disallowance for Rule 46A Breach; Late TDS Interest Held Disallowable

February 18, 2026 405 Views 0 comment Print

The Tribunal ruled that admission of fresh evidence without AOs examination violated procedural rules. The deletion of ₹2 crore disallowance under Section 40A(3) was set aside for reconsideration.

Wrong TDS Section Not Basis for Disallowance – Sec 40(a)(ia) Inapplicable to Short Deduction (194C vs 194J)

February 18, 2026 798 Views 0 comment Print

The Tribunal ruled that Section 40(a)(ia) cannot be used to penalize deduction under an incorrect TDS provision when tax was actually deducted. The expenditure disallowance was rightly deleted.

Understanding India’s New Tabular TDS Framework Under Income-Tax Act 2025

February 18, 2026 14721 Views 2 comments Print

The new law consolidates all TDS provisions into a single structured section with three tables for residents, non-residents, and specified payments. Compliance shifts from section-based to table-code reporting.

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