TDS Credit shall be given for the assessment year for which income is assessable
The Income Tax Appellate Tribunal, Delhi (“the ITAT”) in Archana Airways Ltd v. ITO [I.T.A. No. 8755/DEL/2019 dated November 2,…
Category: Income Tax Article
Interest paid on belated payments of service tax is allowable for deduction u/s 37(1) IT Act
The Income Tax Appellate Tribunal, Chennai (“the ITAT”) in Prince Holdings Madras (P) Ltd v. Deputy Commissioner of Income Tax…
Personal savings of a government employee cannot be suspected for several years
The Income Tax Appellate Tribunal, Ahmedabad Bench (“the ITAT”) in PiyushbhaiMangalbhai Patel Vs Income Tax Officer [I.T.A. No.198/Ahd/2020 dated October…
Only Profit element can be added to income, not sales amount
The Income Tax Appellate Tribunal, Jaipur (“the ITAT”) in the case of Mr. Nikhil Garg v. Income Tax Officer (ITA…
Sec. 194R – FIR – First Information Report – TDS on Benefits or Perquisites under Income Tax Act, 1961
A new section called 194R is being introduced under Income Tax Act. It is applicable from 01.07.2022. It is TDS…