Follow Us:

TDS

Latest Articles


Why Does India’s ITR Deadline Always Need an Extension?

Income Tax : The article argues that recurring demands for ITR deadline extensions arise from delayed AIS updates, late utility releases, and t...

June 9, 2026 2013 Views 0 comment Print

Updated Return of Income: Rules, Eligibility and Filing Process

Income Tax : Taxpayers can file updated returns within 48 months of the assessment year by paying additional tax. The provision promotes volunt...

June 9, 2026 14625 Views 0 comment Print

Understanding TDS on Cash Withdrawals: A Comprehensive Guide

Income Tax : Section 194N requires banks, co-operative banks and post offices to deduct TDS on cash withdrawals above prescribed limits, with h...

June 9, 2026 17223 Views 0 comment Print

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 9528 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 579 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 1557 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 1404 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 708 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 1407 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 138 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 129 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 732 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 90 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 309 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 4617 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 4338 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 29955 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 1221 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 11661 Views 0 comment Print


ITAT Orders Fresh Hearing in Facebook Advertisement Payment TDS Case

May 15, 2026 204 Views 0 comment Print

Mumbai ITAT held that the CIT(A) cannot dismiss an appeal merely for non-prosecution without adjudicating the issues on merits. The matter relating to TDS on payments to Facebook Netherlands was remanded for fresh consideration.

ITAT Deletes ₹6.75 Crore Professional Fee Disallowance Linked to Iran Sanction Banking Issues

May 13, 2026 174 Views 0 comment Print

The Mumbai ITAT allowed deduction of professional fees paid for facilitating remittances relating to Iranian-origin imports affected by OFAC sanctions. The Tribunal held that the expenditure was incurred wholly and exclusively for business purposes.

TDS on Rent under Income-tax Act, 2025: A Tenant’s Practical Guide to Form 141 Compliance

May 13, 2026 71877 Views 1 comment Print

The article explains that individual tenants paying rent above ₹50,000 per month must deduct TDS at 2% under Section 194-IB. It highlights compliance procedures, filing requirements, and consequences of non-deduction or delayed payment.

No Section 201 Default if TDS Non-Deduction Was Due to Court Directions: ITAT Ahmedabad

May 12, 2026 246 Views 0 comment Print

Tribunal ruled that compliance with judicial orders restraining deduction of tax at source cannot attract liability under Sections 201(1) and 201(1A) of the Income Tax Act.

Whether TDS payments are more Tedious or Easy under Income Tax Act 2025

May 11, 2026 759 Views 0 comment Print

The Income Tax Department’s new TDS payment system under the Income Tax Act 2025 allows multiple TDS payments through a single challan. The change reduces repetitive filings, OTP verifications, and compliance hassles for taxpayers.

Important Changes Under Income Tax Act 2025 & 1961: Series II

May 11, 2026 1107 Views 0 comment Print

The new Income Tax Act, 2025 significantly reduces the number of statutory sections and reorganises tax compliance procedures effective from FY 2026-27. The reforms introduce new forms, revised reporting systems, and simplified compliance mechanisms.

Navigating the New Era: Comprehensive Guide to TDS/TCS Restructuring for FY 2026-27 under Income Tax Act, 2025

May 11, 2026 15789 Views 0 comment Print

The New Income Tax Act, 2025 replaces multiple TDS and TCS provisions with consolidated Sections 392, 393 and 394 effective from FY 2026-27. The reform simplifies compliance, introduces code-based reporting, and rationalises deduction rates and thresholds.

TDS & Advance Tax: Meaning, Rules, Compliance & Penalties – Income Tax Act, 1961

May 10, 2026 438 Views 0 comment Print

This blog explains the concept of TDS and Advance Tax in a simple and practical manner along with relevant provisions under the Income Tax Act, 1961.

ITAT Indore Remands TDS Credit Dispute for Verification of Form 16A and Form 26AS

May 9, 2026 459 Views 0 comment Print

ITAT Indore set aside the appellate order denying TDS credit after the assessee produced Form 16A and Form 26AS showing deduction and payment of tax by the deductor. The matter was remanded to the Assessing Officer for verification and grant of eligible credit.

TDS on Property Purchase Cannot Be Avoided Due to Unpaid Consideration: ITAT Bangalore

May 8, 2026 372 Views 0 comment Print

The Tribunal held that deducting TDS only on part of the purchase price of immovable property was contrary to Section 194IA. TDS was required to be deducted on the full consideration of ₹4.81 crore.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930