Follow Us:

TDS

Latest Articles


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 2766 Views 2 comments Print

TDS Deduction for Specified Senior Citizens (Section 194P)

Income Tax : Senior citizens aged 75+ with only pension and bank interest income need not file ITR if a specified bank computes income and dedu...

June 9, 2026 12750 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 14667 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 17232 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 9639 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 1563 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 1593 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


ITAT Deletes Section 234E Fee as No Machinery Provision Existed Before 1 June 2015

Income Tax : ITAT Chennai held that late filing fees under Section 234E could not be levied through TDS processing for periods prior to 01.06.2...

June 9, 2026 42 Views 0 comment Print

SC Leave Fare Concession Ruling: ITAT Holds Bank Liable for TDS Default

Income Tax : The ITAT held that, following the Supreme Court's ruling denying LFC exemption for foreign travel, a bank could be treated as an a...

June 9, 2026 42 Views 0 comment Print

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 756 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 4626 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 1224 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


TDS not deductible on Reimbursement of Salary on Cost to Cost basis; Salary Income of recipient cannot be treated as FTS

May 14, 2022 4191 Views 0 comment Print

Goldman Sachs Services Pvt. Ltd. Vs DCIT (ITAT Bangalore) Admittedly, the assessee deducted tax at source u/s.192 of the Act, on the 100% salary paid to the seconded employees, and paid the same to the credit of the Central Government. The assessee only reimbursed part of the salary cost of the seconded employee to overseas […]

TDS on Payment by E-Commerce Operator To E-Commerce Participant

May 12, 2022 10941 Views 1 comment Print

Demystify TDS on payments by E-Commerce Operators to participants with Section 194-O. Understand the nature, deductor responsibilities, time of deduction, rates, and exemptions. Stay compliant and navigate the complexities of E-Commerce transactions

Sales commission paid for enabling sale cannot be treated as FTS

May 8, 2022 2658 Views 0 comment Print

IRunway India Private Limited Vs DCIT (ITAT bangalore) Facts- The assessee filed its ROI for AY 2015-16 on 27 November 2015 declaring a total income of Rs. 52,289,620 under the normal provisions of the Income Tax Act, 1961 (Act). The AO passed the assessment order dated 26 December 2017 u/s 143(3) of the Act making […]

NSDL releases e-TDS/TCS RPU version 4.1 & FVU versions 2.172 & 7.6

May 7, 2022 30117 Views 3 comments Print

A. e-TDS/TCS RPU version 4.1 for Statement(s) from FY 2007-08 onwards is released (05/05/2022). Key Features – Return Preparation Utility (RPU) version 4.1 – This version of RPU is applicable with effect from May 05, 2022 onwards. Download RPU version 4.1 B. e-TDS/TCS File validation utility (FVU) versions 2.172 for FY 2007-08 to FY 2009-10 […]

TDS not deductible on Payment to foreign insurer not having PE in India

May 6, 2022 8529 Views 0 comment Print

There is absolutely no dispute that the foreign reinsurers does not have any place of business in India / permanent establishment in India / branch established in India / Liaison office in India. Hence, any payment made by the assessee company to such foreign insurers would not be chargeable to tax in the hands of the foreign reinsurers in India in terms of Section 195(1) of the Act.

Section 194R Income Tax Act: TDS on benefits or perquisite

May 3, 2022 26805 Views 1 comment Print

Understanding Section 194R of the Income Tax Act: Learn about the new TDS provision for benefits and perquisites provided in cash or kind above 20000/-.

Advertisement expense paid to Facebook (non-resident) without TDS deduction allowable

May 2, 2022 3615 Views 0 comment Print

Matrimony.com Limited Vs. ACIT/DCIT/ITO (ITAT Chennai) Briefly stated facts are that the assessee company is engaged in the business of providing services in connection with marriage alliance and related services. The company markets its product both through online and offline advertisements. During the year, the company has availed the services of Facebook, Ireland Ltd., for […]

TDS not deductible on expenses in maintenance of horses, transportation & contribution to welfare funds

May 2, 2022 2256 Views 0 comment Print

Mysore Race Club Limited Vs ACIT (ITAT Bangalore) The Income Tax Act prescribes deduction of tax at source u/s 192 to 195 of the Act. The assessee would be liable to deduct tax at source only in respect of payments which are covered by above said sections. The case of the assessee is that it […]

Section 194J TDS deductible on screening (i.e. DTT test, HPLC test etc.) of Sickle Cell Anemia

May 1, 2022 19743 Views 0 comment Print

Gujarat Sickle Cell Anemia Control Society Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the provisions of TDS under section 194J and 194C of the Income Tax Act, 1961 applicable to the payments made to medical labs and technicians as per an agreement for the screening of sickle […]

Tax Compliance & Statutory Due dates for May 2022

April 30, 2022 22959 Views 1 comment Print

Stay compliant with tax and statutory due dates for May 2022. Learn about important deadlines for Income Tax, GST, ROC compliance, and more.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930