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...
Income Tax : Delve into Section 276B of the Income Tax Act and its implications. Discover the nuances of the recent Supreme Court ruling in Dev...
Income Tax : Explore consequences of default in TDS payment - Interest, Assessee in Default, Penalty, Imprisonment, Compounding. Expert insight...
Income Tax : Andhra Pradesh High Court quashes prosecution against Aditya Institute for delayed TDS deposit, citing reasonable cause under Sect...
Income Tax : Madras High Court dismisses petitions challenging Income Tax Dept's criminal complaint for ITR non-filing, grants liberty for tria...
Income Tax : Delhi High Court rules that TDS prosecution cannot proceed without proving an officer's connection with corporate management, sett...
Income Tax : Madras High Court held that there is no limitation prescribed for compounding of the offences committed by an assessee u/s. 279(2)...
Income Tax : Delhi High Court rejects compounding application due to incomplete bank statements. Learn about Sanjiv Gupta's case under IT Act S...
Petitioner is neither an employee of HEC, Ltd., nor he is responsible for collection of TDS, on behalf of HEC, from any contractors, employees or others
Explore consequences of default in TDS payment – Interest, Assessee in Default, Penalty, Imprisonment, Compounding. Expert insights on Income Tax provisions, consequences, and ways to navigate TDS defaults. Source: Income Tax Act, India, TDS Payment, Legal Consequences.
SC held that no penalty shall be leviable under Section 271C of Income Tax Act for mere belated remittance of TDS after deducting
Income Tax Department Vs Parsvnath Developers Ltd. (Delhi House Court) The tax deducted as source cannot be equated with the payment of other liabilities like service tax or sales tax whose payment may be dependent upon the actual realization of money. TDS is deducted in advance by the assessed before making any payment for the […]
The issue under consideration is whether in case of default of TDS in company can the Managing Director of the company held responsible for the same?
