IT Dept Advisory – TDS/TCS Correction Window
IT Dept Advisory – TDS/TCS Correction Window The Income Tax Dept has clarified timelines for revising old TDS/TCS statements. Here’s…
TDS
Compliance Calendar for Sept’2025
Compliance Calendar for Sept’2025 INCOME TAX ▪ 07th Sept 2025- Due date for deposit of Tax deducted and collected for…
Income Declared Under 44AD Cannot Be Taxed Again Under Section 68:
Income Declared Under 44AD Cannot Be Taxed Again Under Section 68: Facts of the Case: The assessee, a production…
TDS Credit Cannot Be Denied on Mere Technicalities – ITAT’s Relief to Property Seller
TDS Credit Cannot Be Denied on Mere Technicalities – ITAT’s Relief to Property Seller Case: Baderunnisa vs. Deputy Director…
TDS Credit Allowed Even if Income Not Shown in ITR – ITAT’s Relief for Taxpayers
TDS Credit Allowed Even if Income Not Shown in ITR – ITAT’s Relief for Taxpayers Case: K. Venkatesan (HUF) vs.…
India is rolling out PAN 2.0: A unified, biometric-backed Tax Identity System
India is rolling out PAN 2.0: A unified, biometric-backed Tax Identity System What’s new? The income tax department has selected…
Compliance Calendar for Aug’2025
Compliance Calendar for Aug’2025 INCOME TAX ▪ 07th Aug 2025- Due date for deposit of Tax deducted and collected for…
A simple checklist for Clause 34 of Tax Audit Report to be Considered by Auditors:
A simple checklist for Clause 34 of Tax Audit Report to be Considered by Auditors: Clause 34 of Form…
CBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.
CBDT issues Circular to provide relief in case of TDS demands on account of Non Linkage of PAN – Aadhar.…
TDS: Section-wise Short Summary for the FY 2025-26
TDS: Section-wise Short Summary for the FY 2025-26 Here’s a detailed breakdown of TDS sections, rates, and thresholds: 1. Salary…
Common Mistakes to avoid in salary ITR Filing Mistakes
Common Mistakes to avoid in salary ITR Filing Mistakes As the ITR season gains pace, it’s crucial for salaried professionals…
26QB Vs. 27Q: Wrong TDS Form by Buyer Can’t Deny NRI’s Tax Credit
26QB Vs. 27Q: Wrong TDS Form by Buyer Can’t Deny NRI’s Tax Credit In a recent case of Parag…
Taxation of Mutual Funds in India [2025 Guide]
Taxation of Mutual Funds in India [2025 Guide] If you’re investing in mutual funds in India-whether via SIPs, lump sum,…
Section 194T of Income Tax Act: New TDS Rule on Partner Payments Explained
Section 194T of Income Tax Act: New TDS Rule on Partner Payments Explained Keywords: Section 194T, Income Tax Act, TDS on…
Whether TDS U/S 194Q is required to be deducted for payment made for electricity?
Whether TDS U/S 194Q is required to be deducted for payment made for electricity? 1. Legal Position of Section…
An overview of issues while issuing intimation u/s 143(1) by CPC
An overview of issues while issuing intimation u/s 143(1) by CPC You might be thinking it is always the…
Date of Return filing extended but not the date of Tax Payment
Date of Return filing extended but not the date of Tax Payment The INCOME TAX RETURN (ITR) FILING due…
Why you should Avoid Premature ITR Filing Due to Incomplete TDS Records
Why you should Avoid Premature ITR Filing Due to Incomplete TDS Records The date of filing the income tax…
