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Why Does India’s ITR Deadline Always Need an Extension?

Income Tax : The article argues that recurring demands for ITR deadline extensions arise from delayed AIS updates, late utility releases, and t...

June 9, 2026 2433 Views 1 comment Print

Updated Return of Income: Rules, Eligibility and Filing Process

Income Tax : Taxpayers can file updated returns within 48 months of the assessment year by paying additional tax. The provision promotes volunt...

June 9, 2026 14652 Views 0 comment Print

Understanding TDS on Cash Withdrawals: A Comprehensive Guide

Income Tax : Section 194N requires banks, co-operative banks and post offices to deduct TDS on cash withdrawals above prescribed limits, with h...

June 9, 2026 17223 Views 0 comment Print

No Tax Deduction: Form 15G and Form 15H Declarations

Income Tax : Resident individuals, eligible non-corporate taxpayers, and senior citizens can avoid TDS on specified incomes by furnishing Form ...

June 8, 2026 9618 Views 0 comment Print

TDS on Immovable Property Purchases: Compliance Under Income Tax Act 2025

Income Tax : The new Income Tax Act largely retains existing TDS rules on property transactions but significantly simplifies compliance for buy...

June 8, 2026 624 Views 0 comment Print


Latest News


Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...

June 4, 2026 1557 Views 0 comment Print

Errors in New TDS Challans Under Income Tax Act 2025 Create Compliance Risks

Income Tax : The updated TDS challan system reportedly displays incorrect interest-related options under the Company Deductee category. Taxpaye...

May 7, 2026 1407 Views 0 comment Print

Clarification on Section 194A TDS on interest in case of banking institutions

Income Tax : Income Tax India, through its X account post dated 30.03.2026, has clarified the applicability of tax deduction at source (TDS) on...

March 31, 2026 1590 Views 0 comment Print

Draft Income Tax Rule 219: Statement of TDS or TCS U/s. 397(3)(b)

Income Tax : Rule 219 prescribes Forms 138, 140, 142–144, fixed quarterly due dates, special challan-cum-statements for specified transaction...

March 2, 2026 708 Views 0 comment Print

Draft Income Tax Rule 212, 213 – Buyer Declaration for No TCS u/s 394(2); Application for Lower/Nil TDS or TCS Certificate

Income Tax : Rules 212–213 introduce Form 127 for buyer declarations to avoid TCS and Form 128 for obtaining lower or nil TDS/TCS certificate...

March 2, 2026 1410 Views 0 comment Print


Latest Judiciary


Section 194C TDS not applies on materials purchased for installation work: ITAT Kolkata

Income Tax : ITAT Kolkata held that TDS under Section 194C was not required on materials purchased for installation work. The disallowance unde...

June 8, 2026 150 Views 0 comment Print

Calcutta HC Grants Injunction as TDS Records Acknowledged Loan Relationship

Corporate Law : The Court held that TDS certificates and income tax filings established a prima facie jural relationship between the parties. It g...

June 7, 2026 132 Views 0 comment Print

ITAT Grants 50% Telescoping Relief as Earlier On-Money Income Was Accepted

Income Tax : he Tribunal held that accepted on-money receipts from earlier years could partly explain cash deposits made during the demonetisat...

June 7, 2026 747 Views 0 comment Print

No TDS on Workmen Compensation as Package Was Linked to Industry Closure

Income Tax : The Court held that compensation paid to workmen under a Government-approved closure package was exempt under the second proviso t...

June 5, 2026 93 Views 0 comment Print

ITAT Deletes TDS Disallowance as Corresponding Income Was Settled Under VSVS

Income Tax : The ITAT Bangalore held that disallowance under Section 40(a)(i) could not survive once the recipient of the income settled the ta...

May 28, 2026 309 Views 0 comment Print


Latest Notifications


Transition from Form 15G/15H to Consolidated Form 121 for TDS-exempted Incomes

Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...

April 13, 2026 4617 Views 0 comment Print

Finance Act 2026

Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...

March 30, 2026 4341 Views 0 comment Print

CBDT Introduces Mandatory UIN System to Track No-TDS Declarations Under Form 121

Income Tax : The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enh...

March 28, 2026 29955 Views 0 comment Print

CBDT Extended TDS Certificate Deadline as E-Filing Portal Glitches Caused Delays

Income Tax : The issue involved delay in issuing TDS certificates due to technical issues. The Board extended the deadline to provide relief. T...

March 25, 2026 1221 Views 0 comment Print

Auto Suspension of GST Registration due to Non-Furnishing of Bank Account

Goods and Services Tax : The advisory explains that registrations will be automatically suspended if bank account details are not furnished within 30 days....

December 5, 2025 11661 Views 0 comment Print


Types of correction in TDS return

November 12, 2022 19989 Views 2 comments Print

Learn about the types of correction in TDS return and how to fix errors in your tax filings. Understand the importance of accurate TDS returns for income tax compliance.

Perquisite and TDS will be computed based on fair market value determined by merchant banker

November 11, 2022 3204 Views 0 comment Print

ITAT Mumbai held that as per rule 3(8)(iii) fair market value of any equity shares on the date of exercising option by the employee shall be determined by a merchant banker. Accordingly, quantum of perquisite and TDS liability will be worked on the said basis.

TDS not deductible on interest on savings bank account and compulsory deposit account

November 11, 2022 6825 Views 0 comment Print

ITAT Delhi held that there is no liability to deduct TDS on interest on savings bank account and interest of compulsory deposit account as per the provisions contained u/s 194A of the Act. Accordingly, disallowance u/s 40(a)(ia) unsustainable.

Basic guide to TDS & TCS for Vendors selling products or providing services through E-commerce operators

November 8, 2022 9555 Views 0 comment Print

A comprehensive guide to Tax Deduction (TDS) and Tax Collection (TCS) for vendors selling products and providing services through E-commerce operators.

Primary Rate Interface is not fees for technical service hence TDS u/s 194J not deductible

November 7, 2022 3564 Views 0 comment Print

BMC Software India P. Ltd Vs DCIT (ITAT Pune) ITAT Pune held that charges of Primary Rate Interface doesn’t require human intervention and hence doesn’t qualify as fees for technical services. Accordingly, TDS not deductible u/s 194J of the Income Tax Act. Facts- Assessee challenged the disallowance of Primary Rate Interface (PRI) line charges paid […]

TDS shall be deducted on LTC when the trips made to foreign countries: Supreme Court

November 7, 2022 2274 Views 0 comment Print

Supreme Court dismissed the appeals and have upheld the contentions of the Revenue that TDS shall be deducted by the appellant of its employees while releasing payments to its employees for the Leave Travel Concession (LTC), when the trip has been made to the foreign countries.

Non granting of TDS credit & Foreign Taxes Paid credit – ITAT refers matter back to AO

November 7, 2022 567 Views 0 comment Print

ITAT Mumbai remits the case to AO, grants Antonio Munroe another opportunity to substantiate challenges against Assessment and denied credits. Appeal allowed for statistical purposes.

No Section 234E late filing fees for inadvertent wrong TDS Statement filing

November 7, 2022 1821 Views 0 comment Print

Sh. Gurpreet Singh Vs ACIT (ITAT Chandigarh) ITAT held that where the lapse came about due to a mere technical error, like the one in the present case, i.e., inadvertent wrong filing of TDS Statement, i.e., in Form No. 26QB, rather than in the applicable Form No. 27Q, there is no case for levy of […]

Disallowance of freight & carriage expense justified for non-submission of TDS payment Proof or CA certificate

November 6, 2022 654 Views 0 comment Print

Paras Nath Singh Vs ACIT (ITAT Patna) Main grievance of the assessee is disallowance u/s 40(a)(ia) amounting to Rs. 25,74,023/- being the expenditure incurred in respect of freight and carriage. On this specific issue from the perusal of assessment order passed by the AO and it was come to our notice that he had categorically […]

TDS not deductible on EDC Payment to HUDA; Section 271C penalty not imposable

November 3, 2022 1593 Views 0 comment Print

Sirur Developers Pvt. Ltd. Vs JCIT (TDS) (ITAT Delhi) ITAT find that the issue as to whether penalty under section 271C of the Act is leviable for non-deduction of tax on payments made for External Development Charges (EDC) to HUDA came up for hearing before the Tribunal in the case of TDI Infrastructure Ltd. Vs. […]

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