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Tax deduction at Sources (TDS) on Commercial Business Income

Income Tax : Explore the impact of Tax Deducted at Source (TDS) on commercial business income in India. Detailed analysis, rates, compliance, a...

July 17, 2024 1371 Views 0 comment Print

Important due Dates – TDS / TCS compliance

Income Tax : Understand TDS and TCS compliance deadlines. Learn about deposit dates, return filing schedules, and issuance of certificates to a...

July 12, 2024 8463 Views 1 comment Print

Tax on Capital Gains for Equity and Mutual Funds

Income Tax : Understand capital gains tax on equity and mutual funds. Learn about short-term and long-term gains, tax rates, exemptions, and st...

July 12, 2024 4149 Views 0 comment Print

Common ITR Issues and FAQ’s For Filing Return for AY 2024-25

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...

July 8, 2024 10530 Views 1 comment Print

Monthly (July-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...

July 4, 2024 28413 Views 1 comment Print


Latest News


Issues on Income Tax Portal: Request for ITR Deadline Extension

Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...

July 18, 2024 24 Views 0 comment Print

File ITR-1 (Sahaj) Online for AY 2024-25: FAQs

Income Tax : Learn who can file ITR-1, who cannot, necessary documents, and precautions. Understand the process of filing ITR-1 (Sahaj) online ...

July 8, 2024 1449 Views 0 comment Print

All about TDS on Dividend with format of Form 15G, 15H and Declarations

Income Tax : Understand tax deduction rules for dividends as per Income-tax Act, 1961 amendments. Detailed guide on TDS rates, exemptions, and ...

July 4, 2024 825 Views 0 comment 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)...

July 3, 2024 16431 Views 12 comments Print

CPC (TDS) Reminder: File TDS Statement 26Q for Q4 F.Y. 2023-24 Now

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...

June 26, 2024 1821 Views 1 comment Print


Latest Judiciary


TDS not deductible on Payments which become Taxable Due to Retrospective Amendment

Income Tax : Read the detailed judgment of Bombay High Court in ACIT Vs Sociedade de Fomento Industrial Pvt Ltd regarding TDS deduction on retr...

July 18, 2024 168 Views 0 comment Print

Section 56(2)(vii) inapplicable to non-residents: ITAT Delhi

Income Tax : ITAT Delhi rules Section 56(2)(vii) inapplicable to non-residents, deleting Rs. 9.31 Cr addition for APL Logistics Vascor Automoti...

July 10, 2024 4065 Views 2 comments Print

Service tax not payable on TDS paid on behalf of foreign service provider

Service Tax : Explore the detailed analysis of Indian Additives Ltd vs Commissioner of GST & Central Excise. CESTAT Chennai rules no service tax...

July 10, 2024 165 Views 0 comment Print

No TDS on Payments Received by Distributors/Franchisees from Third Parties

Income Tax : Calcutta High Court rules in favor of Vodafone Idea Limited, stating no TDS is required on payments received by distributors/franc...

July 10, 2024 291 Views 0 comment Print

Telecom Distributor Discounts Not Subject to TDS as Commission: Gujarat HC

Income Tax : Gujarat High Court rules in favor of Bharti Airtel Ltd, stating distributor discounts are not subject to TDS under Section 194 of ...

July 9, 2024 99 Views 0 comment Print


Latest Notifications


CBDT exempt RBI from Higher TDS deduction under Section 206AB

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...

May 27, 2024 3648 Views 0 comment Print

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 67923 Views 4 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 645 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 11967 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 1149 Views 0 comment Print


Tax Credit Mismatch ? Steps to rectify

June 1, 2022 21168 Views 14 comments Print

Learn how to rectify tax credit mismatch in the new income tax portal. Follow these steps to edit the details and get the rectification reference number.

Applicability of TDS under Section 194R from 01/07/2022

June 1, 2022 78246 Views 11 comments Print

Analyze Section 194R of the Income Tax Act, 1961 and its applicability from 01/07/2022. Learn about TDS on benefits or perquisites for different types of assesses.

Section 194R TDS – Analysis

June 1, 2022 85878 Views 13 comments Print

Understanding Section 194R TDS – Analysis: Learn about the new tax deduction requirement proposed in the Finance Bill 2022 for business and professional benefits exceeding Rs. 20,000.

Compliance Calendar for the Month of June, 2022

June 1, 2022 21279 Views 0 comment Print

Stay on top of your businesss compliance requirements in June 2022. From ROC filing to GST return filing, find all the important due dates here.

TDS not deductible on business profit of non-resident in absence of PE in India

May 30, 2022 2679 Views 0 comment Print

Merely because a person has not deducted tax at source from a remittance abroad, it cannot be inferred that the person making a remittance has committed a failure in discharging his tax withholding obligations because such obligations come into existence only when recipient has a tax liability in India.

2% TDS u/s 194C on common area maintenance charges being contractual payment

May 26, 2022 39798 Views 0 comment Print

The CAM charges are in the nature of contractual payments towards electricity, water supply, security, lift maintenance etc., falling within the meaning of section 194C whereby these charges are paid for carrying out the work for maintenance of the common area that are available along with the lease premises.

Section 194N: Understanding the intricacies of Cash Withdrawal

May 25, 2022 2409 Views 0 comment Print

Understand the intricacies of Cash Withdrawal with Section 194N. Get insights into the measures taken by the Government of India to boost the digital economy.

TDS on Purchase of Property From Non-Resident

May 25, 2022 94914 Views 0 comment Print

Understanding TDS on the purchase of property from a non-resident. Learn how to comply with Section 195 of the Income Tax Act.

Year End Closure Guide for Accountants & Management – March’2022

May 25, 2022 28227 Views 0 comment Print

Ensure a smooth year-end closure for accountants and management with our comprehensive guide. Learn about TDS deductions, stock verification, and more.

Compliances for E-commerce Operators & Participants under GST & Income Tax!!

May 23, 2022 19026 Views 3 comments Print

Learn about the compliances for E-commerce Operators and Participants under GST and Income Tax. Stay informed and avoid legal complications.

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