No TDS on reimbursements to directors and on traded goods supplied to client
The ITAT, Mumbai in the matter of Techknowledgy Interactive Partners P. Ltd. v. ITO [ITA No. 350/MUM/2009 dated January 9,…
Tag: TDS
Credit of unadjusted TDS under VAT can be transitioned into GST regime
Whether the Petitioner is entitled to migrate and transition the TDS amount as ‘a credit of the amount of VAT’ in GST regime in its ECL? Jharkhand High Court held that the assessee is entitled for migration of the TDS amount in terms of Section 140(1) of the Central Goods and Services Tax Act, 2017.
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,…
TDS credit cannot be denied on the ground of Technical / Typographical errors
The Income Tax Appellant Tribunal, Delhi (“the Tribunal”) in the case of SejiMiyazona v. ACIT (ITA No. 167/Del/2020) dated October…
CBDT issued circular on TDS from salaries for the F.Y. 2022-23
CBDT has issued Circular No. 24/2022 dated 07.12.2022 for the deduction of tax at source from salaries. The Circular explained…
Income Tax Dept tweets to clarify : due date is extended only for filing of TDS Statement in Form 26Q and not other Forms
“Attention TDS Filers: Date of filing of Form 26Q for the quarter July-September, 2022 only stands extended from October 31,…
Due date of filing of TDS statement in Form 26Q is extended
On consideration the difficulties arising in timely filing of TDS statement in Form 26Q on account of revision of its…
3 Income Tax employees siphoned off crores through fictitious TDS refunds; CBI probes
The CBI has started an investigation against three Income Tax department officials for allegedly facilitating fictitious refunds of TDS deducted…
Order u/s 119 of the Income-tax Act, 1961 in relation to TDS u/s 194S of the Act for transactions other than those taking place on or through an Exchange
Finance Act, 2022 inserted a new section 194S in the Act with effect from July 01, 2022. The new section…
10% TDS on Benefits and Shares Given to Directors
Allotment of shares to directors, providing cars to them, and a sponsored business trip or conference by a company will…