TDS

CBDT circular for waiver of Interest in specified cases where TDS/TCS is debited in the bank account within due date but challan reflected later date

12 Apr at 5:05 am

CBDT circular for waiver of Interest in specified cases where TDS/TCS is debited in the bank account within due date…

TDS

VIA Representation for extension of time limit for TDS correction statements pertaining to Financial Year 2007-08 to 2018-19.

31 Mar at 10:27 am

VIA Representation for extension of time limit for TDS correction statements pertaining to Financial Year 2007-08 to 2018-19. Ref…

TDS

TDS Limit Updates Effective from 1st April 2025

24 Mar at 5:33 am

TDS Limit Updates Effective from 1st April 2025 The copy of the Notification is as under: 📢 TDS Limit…

TDS

TCS amendments proposed in the Budget 2025:

19 Mar at 2:10 am

TCS amendments proposed in the Budget 2025: 1. TCS on sale of goods: Under Section 206C(1H), sellers were required to…

GST Income Tax TDS

Compliance Calendar for March’2025

1 Mar at 6:26 am

Compliance Calendar for March’2025 INCOME TAX ▪ 2nd March 2025 – Due date for furnishing of challan-cum-statement in respect of…

TDS

31ST Mar time limit for revising TDS return:

19 Feb at 12:33 am

31ST Mar time limit for revising TDS return: 1. Budget 2024 amendment: The July Budget 2024 had introduced a…

Income Tax TDS

Key Points about the New Income Tax Bill, 2025

18 Feb at 8:34 am

Key Points about the New Income Tax Bill, 2025 1. New Income Tax Bill Structure & Implementation The New…

TDS

Can employees be made liable if TDS is deducted but not paid by the employer?

11 Feb at 12:21 am

Can employees be made liable if TDS is deducted but not paid by the employer? 1. Background: Sec 199…

TDS

TDS-TCS related changes in Budget 2025

1 Feb at 6:59 am

TDS-TCS related changes in Budget 2025 1. Threshold Limit Increased for Sections 206C- (LRS – P,T,Q), 194, 194A, 194D,…

Income Tax TDS

Commission paid to Non-residents for services rendered outside India not taxable without PE in India

31 Jan at 2:41 am

Commission paid to Non-residents for services rendered outside India not taxable without PE in India Chennai ITAT rules that…

TDS

LTA claims of employees & Obligation of employers for TDS Compliance

22 Jan at 12:29 am

LTA claims of employees & Obligation of employers for TDS Compliance A pertinent question is whether an employer is…

TDS

An overview of the TDS and RCM on Metal Scrap Transactions

17 Jan at 12:41 am

An overview of the TDS and RCM on Metal Scrap Transactions Effective October 10, 2024, the GST Council has introduced…

GST Income Tax TDS

Tax Due Date Chart for January 2025

4 Jan at 5:38 am

Tax Due Date Chart for January 2025 The Copy of the Chart is as under: New Microsoft Office Excel…

TDS

Entire TDS Credit to husband on sale of Joint Property is wife has not claimed the same

25 Dec 2024

Entire TDS Credit to husband on sale of Joint Property is wife has not claimed the same Mumbai Tribunal…

TDS

NRI Landlords Can Consider This ‘Tax Hack’ to Resolve Money Stuck in TDS Deducted by Tenants

13 Dec 2024

NRI Landlords Can Consider This ‘Tax Hack’ to Resolve Money Stuck in TDS Deducted by Tenants Many NRI landlords…

GST TDS

Telangana High Court upholds State wise GST Payments on works contract

9 Dec 2024

Telangana High Court upholds State wise GST Payments on works contract The Hon’ble Telangana High Court has ruled that…

TDS

Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows the TDS Credit

2 Dec 2024

Income offered by Husband and Wife separately in the ITR & TDS credit claimed by Husband Only: ITAT Mumbai allows…

TDS

TDS credit should be given in the year it is deducted, regardless of the year the income is assessed: Ahmedabad ITAT

25 Nov 2024

TDS credit should be given in the year it is deducted, regardless of the year the income is assessed: Ahmedabad…

TDS