Income Tax : The case explains mandatory filing of quarterly TDS statements for non-salary payments to non-residents. The rules require timely ...
Income Tax : Form 141 consolidates earlier challan-cum-statements into a single form for various TDS transactions. It simplifies reporting and ...
Income Tax : Form 140 replaces Form 26Q and mandates quarterly reporting of TDS on non-salary payments. Timely filing ensures proper tax credit...
Income Tax : The law restricts TDS corrections to a limited window ending 31 March 2026 for past years. Missing the deadline may result in perm...
Income Tax : Learn how late filing under Section 234F and interest under 234A/B/C can escalate costs and how timely filing avoids unnecessary p...
Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...
Income Tax : Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements File Validation Utility (FVU)...
Income Tax : Latest updates in RPU Version 4.7 for Regular & Correction quarterly e-TDS/TCS statements starting FY 2023-24. Discover key featur...
Income Tax : Latest updates in File Validation Utility (FVU) versions 2.178 and 8.2 for e-TDS/TCS statements. Learn about new columns, features...
Income Tax : Needless to say, in the regime of stringent statutory provisions, it is important to have a reliable software that not only helps ...
Income Tax : ITAT deleted the ₹75 lakh capital gains addition after holding the Revenue failed to produce conclusive evidence proving any pro...
Income Tax : The Tribunal upheld reopening under Section 147 as Form 26AS reflected substantial contract receipts despite no return being filed...
Income Tax : Failing to report transporter details in your quarterly TDS return was a procedural error, not a tax deduction failure. Since asse...
Income Tax : The case dealt with a TDS return processed in March 2015 where late fee was levied. The Tribunal held such levy to be without juri...
Income Tax : ITAT Pune rules late fee under Section 234E not applicable for TDS returns filed before 01.06.2015, allowing Dr. Khanade Hospital'...
Income Tax : The issue involved delay in issuing TDS certificates due to technical issues. The Board extended the deadline to provide relief. T...
Income Tax : CBDT notifies the Income-tax (Seventh Amendment) Rules, 2025, updating Forms 26Q and 27Q to include Section 194T on payments to fi...
Income Tax : Get details on Circular No. 04/2024 by CBTD. Ex-post facto extension for Form No. 26QE due date till 30.05.2023. Waiver of fees an...
Income Tax : Central Board of Direct Taxes extends deadline for submitting Q1 TDS/TCS statements for the financial year 2023-24 until September...
Income Tax : CBDT extends due date for filing of TDS statement in Form 26Q for the second quarter of Financial Year 2022-23 This is to inform...
ITAT deleted the ₹75 lakh capital gains addition after holding the Revenue failed to produce conclusive evidence proving any property sale.
The Tribunal upheld reopening under Section 147 as Form 26AS reflected substantial contract receipts despite no return being filed. It ruled that such information constitutes valid grounds for belief of income escaping assessment.
The case explains mandatory filing of quarterly TDS statements for non-salary payments to non-residents. The rules require timely electronic submission to ensure accurate tax credit and avoid penalties. The key takeaway is strict compliance with deadlines and reporting requirements.
Form 141 consolidates earlier challan-cum-statements into a single form for various TDS transactions. It simplifies reporting and payment while ensuring accurate compliance. The key takeaway is streamlined filing with schedule-based reporting.
Form 140 replaces Form 26Q and mandates quarterly reporting of TDS on non-salary payments. Timely filing ensures proper tax credit and avoids penalties for non-compliance.
The issue involved delay in issuing TDS certificates due to technical issues. The Board extended the deadline to provide relief. The takeaway is that system glitches can justify compliance extensions.
The law restricts TDS corrections to a limited window ending 31 March 2026 for past years. Missing the deadline may result in permanent loss of tax credit.
Failing to report transporter details in your quarterly TDS return was a procedural error, not a tax deduction failure. Since assessee was not liable to deduct tax (thanks to the declarations), Section 40(a)(ia)—which applied only when tax is deductible but not deducted—could not be invoked.
The case dealt with a TDS return processed in March 2015 where late fee was levied. The Tribunal held such levy to be without jurisdiction under the law then in force.
Learn how late filing under Section 234F and interest under 234A/B/C can escalate costs and how timely filing avoids unnecessary penalties.
