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Section 192

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New TDS Compliance for Employers under Section 192 & relevance of Form 12BB

Income Tax : Stay updated with the latest TDS compliance under Section 192 of the I.T. Act, emphasizing the importance of Form 12BB for employe...

February 20, 2024 2589 Views 1 comment Print

TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

Income Tax : Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Ea...

July 25, 2023 51159 Views 4 comments Print

Important provisions of Tax Deducted at Source

Income Tax : Gain a comprehensive understanding of Tax Deducted At Source (TDS) provisions under the Income Tax Act, 1961. Explore key sections...

July 11, 2023 5298 Views 0 comment Print

TDS on Salary under Section 192

Income Tax : Explore Section 192 of the Income Tax Act, 1961, outlining TDS on Salary. Understand the definition of salary, permissible deducti...

May 3, 2023 5805 Views 0 comment Print

Salary TDS U/S 192 Changes/Clarification W.E.F. 05/04/2023

Income Tax : Section 192 of the Income Tax Act, 1961 is applicable to all employers who are responsible for deducting tax at source from the sa...

April 6, 2023 66144 Views 0 comment Print


Latest Judiciary


TDS deductible u/s. 192 on reimbursement of Leave Travel Concession: ITAT Delhi

Income Tax : ITAT Delhi held that TDS is required to be deducted under section 192 of the Income Tax Act on the reimbursement of LTC (Leave Tra...

April 5, 2024 513 Views 0 comment Print

TDS credit on Salary cannot be granted if Assessee fails to furnish salary slip or Form No.16

Income Tax : In Ajit Chandrashekar Dighe Vs DCIT (ITAT Mumbai), learn about the importance of substantiating Form 26AS or Form 16 for claiming ...

April 4, 2024 540 Views 0 comment Print

Sale, Distribution, or Exhibition of Cinematographic Films is not Royalty: ITAT Mumbai

Income Tax : ITAT Mumbai held that consideration for sale distribution or exhibition of cinematographic films would not fall under the domain o...

February 8, 2024 888 Views 0 comment Print

TDS u/s 192 Not Conclusive Proof of Incentive to directors as Salary for GST: Madras HC

Goods and Services Tax : Madras High Court judgment on TDS u/s 192 challenges the GST liability on performance-linked incentives to whole-time directors. F...

January 25, 2024 1050 Views 0 comment Print

India-Korea DTAA Article 15(1): Korean Resident’s Salary for Services Outside India Not Taxable  

Income Tax : ITAT Delhi rules in Amit Laroya vs ACIT case, stating salary of a Korean resident for services outside India is not taxable in Ind...

January 21, 2024 504 Views 0 comment Print


Latest Notifications


TDS deduction on Salary – Old Regime- New Regime- CBDT clarified

Income Tax : CBDT vide Circular No. 04/2023-Income Tax clarified that  Each year, employer shall seek information from each of its employees r...

April 5, 2023 28641 Views 1 comment Print

All about TDS on Salary for Financial Year 2022-23 / Assessment Year 2023-24

Income Tax : DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL...

December 7, 2022 82473 Views 1 comment Print

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

Income Tax : CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source ...

March 15, 2022 95880 Views 1 comment Print

Furnishing of evidence by employee for TDS deduction on Salary for FY 2021-22

Income Tax : Furnishing of evidence of claims by employee for deduction of tax under section 192 for the FY 2021-22 and AY 2022-23. (For Assess...

September 15, 2021 21900 Views 0 comment Print

TDS and Tax on Salary | Section 192 | FY 2020-21 | AY 2021-22

Income Tax : CBDT issued Income Tax Circular No. 20/2020 dated 03rd December 2020 which contains provision for TDS on Salary for the Financial ...

December 3, 2020 52893 Views 0 comment Print


Latest Posts in Section 192

TDS deductible u/s. 192 on reimbursement of Leave Travel Concession: ITAT Delhi

April 5, 2024 513 Views 0 comment Print

ITAT Delhi held that TDS is required to be deducted under section 192 of the Income Tax Act on the reimbursement of LTC (Leave Travel Concession) /LFC (Leave Fare Concession) and HTC (Home Travel Concession).

TDS credit on Salary cannot be granted if Assessee fails to furnish salary slip or Form No.16

April 4, 2024 540 Views 0 comment Print

In Ajit Chandrashekar Dighe Vs DCIT (ITAT Mumbai), learn about the importance of substantiating Form 26AS or Form 16 for claiming TDS credit. Detailed analysis provided.

New TDS Compliance for Employers under Section 192 & relevance of Form 12BB

February 20, 2024 2589 Views 1 comment Print

Stay updated with the latest TDS compliance under Section 192 of the I.T. Act, emphasizing the importance of Form 12BB for employers and employees.

Sale, Distribution, or Exhibition of Cinematographic Films is not Royalty: ITAT Mumbai

February 8, 2024 888 Views 0 comment Print

ITAT Mumbai held that consideration for sale distribution or exhibition of cinematographic films would not fall under the domain of “Royalty” and accordingly TDS not deductible on the same.

TDS u/s 192 Not Conclusive Proof of Incentive to directors as Salary for GST: Madras HC

January 25, 2024 1050 Views 0 comment Print

Madras High Court judgment on TDS u/s 192 challenges the GST liability on performance-linked incentives to whole-time directors. Full analysis here.

India-Korea DTAA Article 15(1): Korean Resident’s Salary for Services Outside India Not Taxable  

January 21, 2024 504 Views 0 comment Print

ITAT Delhi rules in Amit Laroya vs ACIT case, stating salary of a Korean resident for services outside India is not taxable in India under Article 15(1) of India-Korea DTAA.

Employee not liable for employer’s failure to deposit TDS on his Salary: Delhi HC

January 7, 2024 6651 Views 1 comment Print

Delhi High Court rules in favor of employee, stating the employer is responsible for TDS deposit. Petitioner exempted from tax liability. Details and analysis here.

TDS not deductible on web hosting services as such services are not royalty or FTS

November 11, 2023 10257 Views 0 comment Print

ITAT Delhi held that availment of web hosting services do not constitute royalty or FTS and hence payments made thereof for such services are not chargeable to tax in India. Accordingly, TDS not deductible on the same.

Section 40(a)(ia) Inapplicable to TDS Non-Deduction on Pre-AY 2015-16 Salary

November 4, 2023 474 Views 0 comment Print

ITAT Delhi’s decision in the case of Sumaitri Bima Distributors Pvt. Ltd vs. ITO regarding non-applicability of S.40(a)(ia) for TDS on salary before AY 2015-16.

TCS Credit Given to Person in Whose hand corresponding income is assessed to tax

October 27, 2023 1056 Views 0 comment Print

ITAT Indore held that the credit of the tax collected at source should be given to the person in whose hands the income is rightfully and finally assessed to tax in accordance with law, irrespective of the person in whose hands the TDS/TCS certificate has been issued at first place.

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