![1% TDS applicable on Payments made to E-Commerce Participants from October 1, 2020 [Read Act]](https://www.taxscan.in/wp-content/uploads/2020/09/Finance-Act-TDS-Payments-E-commerce-taxscan.jpg "1% TDS applicable on Payments made to E-Commerce Participants from October 1, 2020 [Read Act]")
1% TDS applicable on Payments made to E-Commerce Participants from October 1, 2020 [Read Act]
The Finance Act, 2020 has inserted Section 194-O which elaborates on levying 1% Tax Deducted at Source (TDS) on Payments made to E-Commerce...
![Attempt to blame the Chartered Accountant cannot result in the assessee’s exoneration and claimed in absolute terms: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Madras-High-Court-Chartered-Accountant-assessee-Taxscan.jpg "Attempt to blame the Chartered Accountant cannot result in the assessee’s exoneration and claimed in absolute terms: Madras HC [Read Judgment]")
![Govt. to Levy 5% TCS on Foreign Remittances from October 1 [Read Act]](https://www.taxscan.in/wp-content/uploads/2020/09/TCS-foreign-remittances-taxscan.jpeg "Govt. to Levy 5% TCS on Foreign Remittances from October 1 [Read Act]")
![Gujarat High Court issues notice on Plea challenging Provision blocking ITC due to non-filing of GSTR-3B by vendor [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/plea-challenging-provision-blocking-ITC-GSTR-3B-Taxscan.jpg "Gujarat High Court issues notice on Plea challenging Provision blocking ITC due to non-filing of GSTR-3B by vendor [Read Order]")
![GST: ITC can be availed on Equipment, Furniture, Reagents/consumables used for Performing Test, rules AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/AAR-ITC-furniture-Taxscan.jpeg "GST: ITC can be availed on Equipment, Furniture, Reagents/consumables used for Performing Test, rules AAR [Read Order]")
![5% GST isn’t applicable on Local Transportation Services: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/AAR-GST-local-transportation-services-Taxscan.jpg "5% GST isn’t applicable on Local Transportation Services: AAR [Read Order]")
Maturity Amount received from Keyman Insurance Policy is taxed under the head Income from Other Sources: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench held that the assessee is not eligible to claim an exemption under section 10(10D) of the Act on the maturity value of the Keyman Insurance...
![Maturity Amount received from Keyman Insurance Policy is taxed under the head Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Keyman-Insurance-Policy-ITAT-Taxscan.jpg "Maturity Amount received from Keyman Insurance Policy is taxed under the head Income from Other Sources: ITAT [Read Order]")
AO should wait till end of the working day when personal hearing is fixed, before finalizing assessment: Madras HC grants relief to Urbanclap [Read Order]
The Madras High Court in the light of the natural Justice said that the Assessing Officer (AO) should wait till the end of the working day when personal hearing is fixed, before finalizing...
![AO should wait till end of the working day when personal hearing is fixed, before finalizing assessment: Madras HC grants relief to Urbanclap [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/urbanclap-AO-Taxscan.jpeg "AO should wait till end of the working day when personal hearing is fixed, before finalizing assessment: Madras HC grants relief to Urbanclap [Read Order]")
![Taxpayers eligible to require Copies of Seized Documents during Search: Kerala High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/petitioners-documents-seized-taxscan.jpg "Taxpayers eligible to require Copies of Seized Documents during Search: Kerala High Court [Read Order]")
Bangalore Club not liable to pay wealth tax: Supreme Court elaborates of application of Section 21AA of Wealth Tax Act [Read Judgment]
The Supreme Court held that Bangalore Club is not liable to pay wealth tax under the Wealth Tax Act, 1957. The Appellant, Bangalore Club founded in 1868 by a group of British officers with the...
Period of Absence arising out of COVID -19 lockdown shall be counted as being on Practical Training: ICAI issues FAQs on Practical Training for CA Students
The Institute of Chartered Accountants of India (ICAI) on Tuesday issued Frequently Asked Questions (FAQs) on practical training for CA students. S.No.QueryResponse1.Whether the period of absence...
