The National Securities Depository Limited (NSDL) released the new features in e-TDS and TCS. The NSDL has revised the e-TDS TCS RPU utility for preparing TDS or TCS returns. The e-TDS/TCS File validation utility (FVU)

The Central Board of Direct Taxes ( CBDT ) has extended the due date for filing TDS statement in revised format of Form 24Q and the date for issue of TDS certificate in Form 16.

In a major relief to the T.V.S. Motor, the Chennai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that Service tax not Chargeable on Income Tax TDS portion paid by recipient. The

In a notification by Central board of Direct Taxes (CBDT) has issued procedure for online submission of statement of deduction of tax (TDS) under sub-section (3) of section 200 and Statement of collection of tax

Upholding the Allahabad High Court favoring the NOIDA and Banks, the Supreme Court held that the Canara Bank cannot be treated as assessee-in-default by the income tax department for non-deduction of TDS on the interest

The Central Board of Direct Taxes (CBDT) has issued a circular prescribing the rules to follow to use the functionality developed to ease compliance for tax deductors/collectors as mandated under Section 206AB and Section 206CCA

The Income Tax Department conducted searches on 16.08.2021 on a company engaged in trading of telecom equipment and installation and servicing of these items for various telecom players in India. Searches were conducted at 5 premises,

Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case. It was found during investigations that the company

The Income Tax Appellate Tribunal (ITAT), Mumbai, held that the differences in the accounting policy followed by the taxpayer and its clients, who have deducted TDS, could explain the TDS Return differential. The Tribunal consisting

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the reimbursement of expenses cannot be treated as income and therefore, the provisions of TDS cannot be applicable to those payments for the purpose

With a view to redressing genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone "Fani" hitting the State of Odisha on 3rd

The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that for the purpose of imposing the penalty under section 201(1A) of the Income Tax Act for TDS Default, a ‘month’ means 30

In a major relief to Telangana State Medical Services Infrastructure Development Corporation (TSMSIDC), the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Penalty under Section 272A(2)(k) cannot be imposed merely for the

The Income Tax Appellate Tribunal ( ITAT ), Kolkata has held that the finance charges to Non-Banking Financial Companies (NBFCs) are not subject to Tax Deduction at Source ( TDS ) under the provisions of

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Tax Deduction at Source (TDS) not applicable to contribution made to conduct horse racing. The appellant M/s. Mysore Race Club Limited