Income Tax : Section 194-I amendment raises rent TDS threshold to Rs. 50,000 per month, effective April 2025....
Income Tax : Finance Bill 2025 proposes new TDS thresholds for various sections, including interest, dividends, and commissions, effective Apri...
Income Tax : Understand the TDS provisions on rent payments under Sections 194-I and 194-IB of the Income-tax Act. Know the rates, thresholds, ...
Income Tax : Explore Section 194I of the Income Tax Act for tax deductions on rent payments. Learn rates, exemptions, and important clarificati...
Income Tax : Explore legal perspectives and judicial precedents regarding Tax Deducted at Source (TDS) applicability on Common Area Maintenance...
Income Tax : As per the provisions of section 194-I, the tax is to be deducted at source @10% in respect of income by the way of rent for any u...
Income Tax : The issue involved in the present appeal relates to deduction of TDS in case of payment of External Development Charges [EDC]. Not...
Income Tax : The Surat Bench of ITAT allowed the appeal for statistical purpose which means that ITAT uphold the decision of CIT (A) but withou...
Income Tax : Kerala High Court held that lessee is liable to deduct TDS u/s. 194-I of the Income Tax Act, however, there is a dispute for owner...
Income Tax : Assessee was engaged in the business of slimming and beauty services. During assessment proceedings, AO observed that assessee was...
Income Tax : ITAT Ahmedabad held that invocation of provisions of section 69A of the Income Tax Act unjustified as cash deposits during demonet...
Income Tax : A dispute arose on applicability of the provisions of section 194-I of the Act, on payment of Passenger Service Fees (PSF) by an A...
Income Tax : The issue of whether or not TDS under section 194-I of the Act is applicable on 'lump sum lease premium' or 'one-time upfront leas...
Income Tax : Central Government hereby notifies that no deduction of tax shall be made from payments of the nature specified in section 193 or ...
Income Tax : Circular No. F. No.275/73/2007-IT(B) Service Tax component to be considered for deducting tax on any sum paid as professional and...
The issue involved in the present appeal relates to deduction of TDS in case of payment of External Development Charges [EDC]. Notably, TDS was not deducted by the assessee.
Section 194-I amendment raises rent TDS threshold to Rs. 50,000 per month, effective April 2025.
Finance Bill 2025 proposes new TDS thresholds for various sections, including interest, dividends, and commissions, effective April 1, 2025.
The Surat Bench of ITAT allowed the appeal for statistical purpose which means that ITAT uphold the decision of CIT (A) but without any real impact on the case. It allowed TDS credit of the of Rs.4,50,000/- but in AY 2018-19 whereas it was claimed in AY 2016-17.
Kerala High Court held that lessee is liable to deduct TDS u/s. 194-I of the Income Tax Act, however, there is a dispute for ownership of the property. Then, in such case lessee is directed to deduct TDS and deposit under his TAN as unclaimed challan.
Assessee was engaged in the business of slimming and beauty services. During assessment proceedings, AO observed that assessee was carrying substantial credit balances as current liabilities under the head ‘Advance from customers’.
ITAT Ahmedabad held that invocation of provisions of section 69A of the Income Tax Act unjustified as cash deposits during demonetization period duly recorded in books of account and source of cash deposits duly maintained.
Delhi High Court held that as directed by Tribunal AO was required to verify and attend grievance of short credit of TDS. Thus, restricting TDS claim of petitioner to disclosures made in return unjustified.
Understand the TDS provisions on rent payments under Sections 194-I and 194-IB of the Income-tax Act. Know the rates, thresholds, and compliance requirements.
Explore implications of Bombay High Court’s ruling on TDS deduction under Section 194I for ‘Transit Rent’. Get insights into judgment of Sarfaraz S. Furniturewalla Vs Afshan Sharfali Ashok Kumar & Ors.
