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Income Tax - TDS Rate Chart or TDS Rate Table For Assessment year 2019-20 (AY) / Financial Year (FY) 2018-19 In the case of a person other than a company (Resident and Non-Resident) i.e. Individual, HUF, BOI, AOP, Artificial Judicial Persons. Partnership Firm (Including LLP) and for domestic company and Foreign Companies. TDS Rates are after consideri...
Read MoreIncome Tax - Whether TDS is deductible u/s 194C or 194J is always a matter of concern in day to day business world. Today an attempt has been made to provide the basis to reduce such concern. The write-up can be summed up in following parts: 1. Payment to Contractors – Section 194C 2. Fee for professional or technical services – Section 194J 3...
Read MoreIncome Tax - Has the Contentious Issue of Applicability or Otherwise of TDS on Transmission & Wheeling Charges of Power Transmission Companies u/s 194J, 194I & 194C of the Income Tax Act, 1961, finally Settled???...
Read MoreIncome Tax - ax deducted at source from interest other than interest on securities (Section-194A), from fees for professional services/technical services/royalty (Section-194J) and from interest on securities (section 193)...
Read MoreIncome Tax - Section 44AB - Increased threshold for presumptive tax cases under section 44AD - Consequential amendments required in section 194A/ 194H/ 194I & 194J...
Read MoreIncome Tax - It is suggested that the TDS limit for payment of professional or technical fees under section 194J may be increased from Rs. 30000 to Rs. 100000....
Read MoreIncome Tax - On the issue of retrospective amendment, Union Finance Minister, Shri Pranab Mukherjee has said that he had given a commitment in the Parliament with regard to retrospective amendments that CBDT will issue a policy circular to clarify that in cases where assessment proceedings have become final before first day of April, 2012; such cases ...
Read MoreDCIT Vs M/s. Idea Cellular Ltd. (ITAT Mumbai) - Challenging the order dated 28/01/2016 of CIT(A)-8,Mumbai,the Assessing Officer (AO) has filed the present appeal. The assessee has raised a Cross Objection for the same.Assessee - company engaged in providing cellular mobile services and trades in accessories filed its return of income at Rs.Nil af...
Read MoreTelecomone Teleservices India Private Limited Vs The Deputy Commissioner of Income Tax (ITAT Bangalore) - The CIT (A) has failed to understand that your appellant was not under any legal obligation to effect TDS on purchase of Computer Software in F.Y. 2011-12 as these were considered as purchase of goods under the then existing provisions of law and subjected to customs duty. Purchase of computer softw...
Read MoreACIT (LTU) Vs. M/s WTI Advance Technology Ltd. (ITAT Mumbai) - ITAT Mumbai in case of ACIT v/s M/s WTI Advanced technology held that tax is to deducted u/s 194C for outsourcing of any service which do not require skilled staff....
Read MoreM/s. Coimbatore Integrated Waste Vs. DCIT (ITAT Mumbai) - The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently ruled that technical services would not include services provided by the machines for the purpose of Tax Deducted at Source ( TDS )....
Read MoreCitadel Fine Pharmaceuticals (P.) Ltd. Vs ACIT (ITAT Chennai) - On perusal of section 194J of the Act, we find that tax is deductible at source either at the time of credit of expenditure to the account of the payee or at the time of payment whichever is earlier. In the instant case, the assessee had made provision for audit fees to the account of the payee whic...
Read MoreCircular No. 04/2016- Income Tax - (29/02/2016) - Law Relating to Tax Deduction at Source (TDS) on payments by broadcasters or television channels to production houses for production of content or programme for telecasting....
Read MoreF. No.275/73/2007-IT(B) - (30/06/2008) - 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 technical fees under section 194J The Central Board of Direct Taxes (CBDT) has clarified that the payments made under section 194I differ significantly from payments mad...
Read MoreDCIT Vs M/s. Idea Cellular Ltd. (ITAT Mumbai) -
Telecomone Teleservices India Private Limited Vs The Deputy Commissioner of Income Tax (ITAT Bangalore) -
ACIT (LTU) Vs. M/s WTI Advance Technology Ltd. (ITAT Mumbai) -
M/s. Coimbatore Integrated Waste Vs. DCIT (ITAT Mumbai) -
Citadel Fine Pharmaceuticals (P.) Ltd. Vs ACIT (ITAT Chennai) -
CIT Vs. NGC Networks (India) Pvt. Ltd (Bombay High Court) -
CIT Vs Pioneer Peresonalised Holidays (P.) Ltd (Kerala High Court) -
The Dy. CIT Vs M/s. Vodafone West Ltd. (ITAT Ahmedabad) -
M/s Tata Teleservices Ltd Vs. Income Tax Officer (ITAT Delhi) -
