31ST Mar time limit for revising TDS return:
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31ST Mar time limit for revising TDS return: 1. Budget 2024 amendment: The July Budget 2024 had introduced a…
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Key Points about the New Income Tax Bill, 2025
Key Points about the New Income Tax Bill, 2025 1. New Income Tax Bill Structure & Implementation The New…
Can employees be made liable if TDS is deducted but not paid by the employer?
Can employees be made liable if TDS is deducted but not paid by the employer? 1. Background: Sec 199…
TDS-TCS related changes in Budget 2025
TDS-TCS related changes in Budget 2025 1. Threshold Limit Increased for Sections 206C- (LRS – P,T,Q), 194, 194A, 194D,…
Commission paid to Non-residents for services rendered outside India not taxable without PE in India
Commission paid to Non-residents for services rendered outside India not taxable without PE in India Chennai ITAT rules that…
LTA claims of employees & Obligation of employers for TDS Compliance
LTA claims of employees & Obligation of employers for TDS Compliance A pertinent question is whether an employer is…
An overview of the TDS and RCM on Metal Scrap Transactions
An overview of the TDS and RCM on Metal Scrap Transactions Effective October 10, 2024, the GST Council has introduced…
Tax Due Date Chart for January 2025
Tax Due Date Chart for January 2025 The Copy of the Chart is as under: New Microsoft Office Excel…
New law to curb unregulated and fraudulent private money lending practices
New law to curb unregulated and fraudulent private money lending practices A draft of the ‘Banning of Unregulated Lending Activities’…
Entire TDS Credit to husband on sale of Joint Property is wife has not claimed the same
Entire TDS Credit to husband on sale of Joint Property is wife has not claimed the same Mumbai Tribunal…
Relaxation in the provisions for availing VSV Scheme II.
Relaxation in the provisions for availing VSV Scheme II. The copy of the order is as under: Representation to…
NRI Landlords Can Consider This ‘Tax Hack’ to Resolve Money Stuck in TDS Deducted by Tenants
NRI Landlords Can Consider This ‘Tax Hack’ to Resolve Money Stuck in TDS Deducted by Tenants Many NRI landlords…
Telangana High Court upholds State wise GST Payments on works contract
Telangana High Court upholds State wise GST Payments on works contract The Hon’ble Telangana High Court has ruled that…
Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows the TDS Credit
Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows…
Taxability of transfers from HUF members to HUF and vice versa:
Taxability of transfers from HUF members to HUF and vice versa: Income Derived as a Member of a HUF:…
TDS credit should be given in the year it is deducted, regardless of the year the income is assessed: Ahmedabad ITAT
TDS credit should be given in the year it is deducted, regardless of the year the income is assessed: Ahmedabad…
NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and Observation by Bombay High Court
NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and…
Proposed Direct Tax Code: What Changes It Could Bring
Proposed Direct Tax Code: What Changes It Could Bring The upcoming Direct Tax Code (DTC) aims to overhaul and…
