Income Tax : Explore the impact of Tax Deducted at Source (TDS) on commercial business income in India. Detailed analysis, rates, compliance, a...
Income Tax : Understand TDS and TCS compliance deadlines. Learn about deposit dates, return filing schedules, and issuance of certificates to a...
Income Tax : Understand capital gains tax on equity and mutual funds. Learn about short-term and long-term gains, tax rates, exemptions, and st...
Income Tax : Get answers to common ITR issues and FAQs for filing your tax return for AY 2024-25. Resolve filing errors and understand tax regi...
CA, CS, CMA : Stay informed with February 2024 legal obligations & updates in India. From Income Tax to GST, understand forms, filing dates, & s...
Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...
Income Tax : Learn who can file ITR-1, who cannot, necessary documents, and precautions. Understand the process of filing ITR-1 (Sahaj) online ...
Income Tax : Understand tax deduction rules for dividends as per Income-tax Act, 1961 amendments. Detailed guide on TDS rates, exemptions, and ...
Income Tax : Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements File Validation Utility (FVU)...
Income Tax : Receive a reminder from CPC (TDS) to file your TDS Statement 26Q for Quarter 4, F.Y. 2023-24. Understand implications of non-compl...
Income Tax : Read the detailed judgment of Bombay High Court in ACIT Vs Sociedade de Fomento Industrial Pvt Ltd regarding TDS deduction on retr...
Income Tax : ITAT Delhi rules Section 56(2)(vii) inapplicable to non-residents, deleting Rs. 9.31 Cr addition for APL Logistics Vascor Automoti...
Service Tax : Explore the detailed analysis of Indian Additives Ltd vs Commissioner of GST & Central Excise. CESTAT Chennai rules no service tax...
Income Tax : Calcutta High Court rules in favor of Vodafone Idea Limited, stating no TDS is required on payments received by distributors/franc...
Income Tax : Gujarat High Court rules in favor of Bharti Airtel Ltd, stating distributor discounts are not subject to TDS under Section 194 of ...
Income Tax : RBI exempted from Section 206AB of the Income Tax Act, 1961, via Ministry of Finance notification dated May 27, 2024. Learn more a...
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...
Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...
Income Tax : Discover the latest Circular from the Ministry of Finance, India, outlining measures to reduce tax litigation by specifying condit...
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...
Ms Bhangal Construction Co. Vs ITO (ITAT Jalandhar) Simpliciter payment towards hiring charges of cranes cannot be brought within the sweep of the definition of the term work as envisaged in Sec. 194C of the IT Act. We thus are of the considered view that the lower authorities had erred in concluding that as the […]
E-Tutorial explains Important Information on How to Verify TDS Certificate, Brief Steps for Verifying TDS Certificate and Pictorial Guide on how to Verify TDS Certificate for Deductee. 1. Important Information on “Verify TDS Certificate”. Deductee can verify TDS Certificate (16/16A) with the help of “Verify TDS Certificate” option available at TRACES. Verification of TDS certificate […]
Article explains Important Information to Download Form 16C from TRACES Website, Brief Steps to Download Form 16C and Pictorial Guide to Download Form 16C. 1. Important Information to “Download Form 16C” Request for Downloading Form 16C (TDS on Rented Property ) can only be submitted when 26QC Statement Cum Challan is processed. “Form 16C” can […]
Brief Steps to check Total Outstanding Demand Step 1. Login on Traces website as deductor. Step 2. Click on ‘Dashboard‘. Step 3. After clicking on ‘Dashboard‘. There is a tab of ‘Total Outstanding Demand‘. Step 4. Click on ‘Total Outstanding Demand‘ demand table will appear on the screen, – User can click on ‘Prior year’ […]
Article contains Important Information for Online TDS/TCS/Demand Payment With Challan ITNS 281, Brief steps for ‘Online TDS/TCS/Demand Payment With Challan ITNS 281’ and Pictorial Guide for ‘Online TDS/TCS/Demand Payment With Challan ITNS 281’. 1. Important Information for “Online TDS/TCS/Demand Payment With Challan ITNS 281”. Challan No. ITNS 281 is used by the Deductors to deposit […]
Recent Changes in Form 24Q – Annexure II & Form 16 – Part B A. Need of the hour – Brief about the change THE REVISED ANNEXTURE II will lead to: > Availability of complete detailed breakup of Income, various tax deductions & exemptions claimed > Pre filling of ITRs > Check on false claims […]
Article contains Important Information for 26QB- Justification Report, Brief Steps for 26QB- Justification Report and Pictorial guide for 26QB- Justification Report. 1. Important Information for “26QB- Justification Report”. Only Buyer registered on “TRACES” can submit request for Justification Report. Request for Downloading Justification Report can only be submitted when 26QB Statement Cum Challan will be […]
Digital Signature Registration on TRACES Steps of Installation of Install Digital Signature certificate PFX file/Hard Token 1. Requirement for usage of Digital signature certificate : Valid Digital Signature should be obtained from Third Party Vendor. Only class 2 or class 3 digital Signature certificates taxguru.in are allowed for the purpose of registration on TRACES. TRACES […]
Article explains Important Information on Request for Resolution for Taxpayer, Brief Steps for Raising ‘Request for Resolution, and Pictorial Guide for ‘Raising Request for Resolution’ and ‘Resolution Tracking’ 1. Important Information on “Request for Resolution” for Taxpayer Only a Registered Taxpayer can avail the facility of raising “Request for Resolution” under “Online grievances module”. This […]
Important information on 26QB Correction Buyers registered on TRACES only can avail the facility of ’26QB correction’ under ’26QB’ Menu after login. Request for 26QB correction can be raised from Assessment Year 2014-15 onwards If Buyer files 26QB correction and seller is Known, correction can be submitted through e-Verify (Net Banking) /AO Approval / DSC (If […]
