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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


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.

Section 234E late fees cannot be levied for delay due to technical error

April 25, 2022 8904 Views 0 comment Print

nce the assessee has initially deposited TDS and furnished Statement in Form 26QB within time, but committed a technical error while depositing TDS resulting in non-grant of TDS to transferor, compelling it to again deposit TDS along-with interest for late deposit, then, in the interests of justice and considering the fact that no loss is caused to the Revenue, the assessee cannot be saddled with levy of late filing fee u/s 234E

TDS Rate on subcontracting charges paid to Chinese subsidiary will be 10% instead of 20% under Indo-China DTAA

April 24, 2022 4047 Views 0 comment Print

Infosys Limited Vs DCIT (ITAT Bangalore) Conclusion: The applicable rate of TDS on subcontracting charges paid to Infosys China should be considered at 10% as per the India-China DTAA instead of 20% as per section 206AA. Held: Assessee was an Indian company, engaged in the business of development and export of computer software and related […]

Car hiring charges – TDS under Section 194I Or Section 194C?

April 24, 2022 99777 Views 1 comment Print

IF car is hired not to perform specific services and charges are not paid on the basis of specific uses but the same is hired for availability of car for particular time or period without specification of particular services and charges paid on fixed basis then such hiring should be considered as rental contract under the provision of section 194I of the Act.

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