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Everything about TDS Return Filing

Income Tax : Learn about TDS return filing: who must file, due dates, forms, required documents, penalties, how to check status, revising retur...

May 17, 2024 4311 Views 0 comment Print

Should you file Income Tax Return now or wait till Mid June?

Income Tax : Unsure whether to file your income tax return now or wait? Learn why waiting until mid-June may be beneficial, considering TDS ret...

May 14, 2024 10353 Views 0 comment Print

Section 194IA: TDS on purchase and sale of immovable property

Income Tax : Understand TDS on immovable property transactions. Section 194-IA mandates TDS deduction at 1% for sale consideration exceeding Rs...

May 10, 2024 3726 Views 0 comment Print

Are some of Income Tax Assessments and raids unfair?

Income Tax : Explore the fairness of tax assessments & raids through a detailed analysis of a recent case. Learn about the powers of income tax...

May 7, 2024 1455 Views 0 comment Print

Monthly (May-2024) Legal Obligations + Legal updates for India

CA, CS, CMA : Stay informed with February 2024 legal obligations & updates in India. From Income Tax to GST, understand forms, filing dates, & s...

May 3, 2024 26607 Views 1 comment Print


Latest News


CBDT Circular No. 6/2024: Relief Measure for Inoperative PAN

Income Tax : CBDT Circular No. 6/2024 offers relief for Inoperative PANs. No tax liability for deductors/collectors if PAN becomes operative by...

April 29, 2024 8343 Views 2 comments Print

Relief to Taxpayers from Tax Demand raised due to Inoperative PAN, Date Extended till 31.05.2024

Income Tax : CBDT Circular No. 6/2024 extends relief to taxpayers from tax demands arising from inoperative PANs. Learn about the conditions an...

April 25, 2024 6456 Views 3 comments Print

New FVUs and Return Preparation Utility for e-TDS/TCS Statements

Income Tax : Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements File Validation Utility (FVU)...

April 20, 2024 8997 Views 8 comments Print

FADA requests relief for linking Aadhaar with PAN for automobile dealerships

Income Tax : FADA presents a case under section 119(2)(b) of the Income-tax Act, seeking relief for linking Aadhaar with PAN for automobile dea...

April 6, 2024 189 Views 0 comment Print

Join Live Webinar on Understanding TDS on Purchase/Sale of Property

Income Tax : Join the exclusive webinar on Understanding TDS on Purchase/ Sale of Property under Section 194IA of Income Tax Act, 1961. Many ta...

February 15, 2024 3978 Views 0 comment Print


Latest Judiciary


TDS not deductible on interest retained by NBFCs on assets purchased by SBI

Income Tax : Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical ...

May 14, 2024 429 Views 0 comment Print

ITAT Directs Re-adjudication on allowbility of property tax paid in earlier years

Income Tax : Discover the ITAT Mumbai's order directing re-adjudication regarding the liability of property tax paid by Rare Townships Pvt Ltd ...

May 10, 2024 288 Views 0 comment Print

Section 44BB does not override provisions related to PE or DTAA benefits

Income Tax : Read the detailed analysis of Computer Modelling Group Ltd. vs. ACIT (ITAT Delhi) regarding interest leviable from the assessee fo...

May 9, 2024 234 Views 0 comment Print

Contractors Entitled to Reimbursement for GST Impact on Indirect Transactions

Goods and Services Tax : Gopikrishna Infrastructure Pvt Ltd Vs State of Jharkhand (Jharkhand High Court) Contractors are entitled to reimbursement of the G...

May 9, 2024 243 Views 0 comment Print

HC directs appellate authority to consider modified Form 26AS while disposing of appeal

Income Tax : Read the Kerala High Court's judgment on rectification of Form 26AS issued by a bank, directing the FAC to review the appeal promp...

May 8, 2024 273 Views 0 comment Print


Latest Notifications


CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

Income Tax : Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes oper...

April 23, 2024 51822 Views 2 comments Print

Functionality for Verification of High Risk Refund Cases for TDS charge officers

Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...

April 2, 2024 450 Views 0 comment Print

Circular No. 5/2024: New Guidelines for Income Tax Appeals & Litigation Reduction

Income Tax : Discover the latest Circular from the Ministry of Finance, India, outlining measures to reduce tax litigation by specifying condit...

March 15, 2024 8247 Views 0 comment Print

Extension of Due Date for Filing Form No. 26QE for F.Y. 2022-23 retrospectively

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...

March 7, 2024 969 Views 0 comment Print

No TDS on Payments to Units of IFSC – CBDT Notifies

Income Tax : Get details on new Income Tax Notification exempting specific payments to International Financial Services Centre (IFSC) Units fro...

March 7, 2024 2247 Views 0 comment Print


Latest Posts in TDS

Everything about TDS Return Filing

May 17, 2024 4311 Views 0 comment Print

Learn about TDS return filing: who must file, due dates, forms, required documents, penalties, how to check status, revising returns, and claiming TDS credit.

Should you file Income Tax Return now or wait till Mid June?

May 14, 2024 10353 Views 0 comment Print

Unsure whether to file your income tax return now or wait? Learn why waiting until mid-June may be beneficial, considering TDS returns, SFT reporting, and more.

TDS not deductible on interest retained by NBFCs on assets purchased by SBI

May 14, 2024 429 Views 0 comment Print

Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical services, or commission/brokerage?

Section 194IA: TDS on purchase and sale of immovable property

May 10, 2024 3726 Views 0 comment Print

Understand TDS on immovable property transactions. Section 194-IA mandates TDS deduction at 1% for sale consideration exceeding Rs. 50 lakhs. Learn buyer and seller obligations.

ITAT Directs Re-adjudication on allowbility of property tax paid in earlier years

May 10, 2024 288 Views 0 comment Print

Discover the ITAT Mumbai’s order directing re-adjudication regarding the liability of property tax paid by Rare Townships Pvt Ltd on behalf of the Collector.

Section 44BB does not override provisions related to PE or DTAA benefits

May 9, 2024 234 Views 0 comment Print

Read the detailed analysis of Computer Modelling Group Ltd. vs. ACIT (ITAT Delhi) regarding interest leviable from the assessee for short payment of tax due to payer’s TDS default before FY 2012-2013.

Contractors Entitled to Reimbursement for GST Impact on Indirect Transactions

May 9, 2024 243 Views 0 comment Print

Gopikrishna Infrastructure Pvt Ltd Vs State of Jharkhand (Jharkhand High Court) Contractors are entitled to reimbursement of the GST impact also on indirect transactions on which GST was imposed.

HC directs appellate authority to consider modified Form 26AS while disposing of appeal

May 8, 2024 273 Views 0 comment Print

Read the Kerala High Court’s judgment on rectification of Form 26AS issued by a bank, directing the FAC to review the appeal promptly.

Section 68 additions can be made in the year in which cash credit was received

May 8, 2024 624 Views 0 comment Print

Mumbai ITAT’s ruling in Vijay Suresh Dave Vs DCIT regarding addition of unexplained cash credit u/s 68. Detailed analysis of the case and conclusions.

ITAT deletes Addition which were based on mere Typographical Error in Form 3CD

May 8, 2024 2073 Views 0 comment Print

Discover how Chennai ITAT’s verdict affects assessments. Learn how a typographical error in Form 3CD impacts additions to an assessee’s income.

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