Credit of TDS Deducted by Clients before Actual Payment in earlier years can be Adjusted against Total Taxable Amount payable u/s 199 r/w Rule 37BA: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Credit of TDS deducted by clients before actual payment in earlier years can be adjusted against the total taxable amount payable
TDS and TCS Provisions and Filing
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TDS not deductible on Commission paid to Overseas Agents: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the TDS is required to be deductible on the amount of commission paid to overseas agents. The assessee company is engaged in
Remit 5% TDS on Rent above Rs. 50,000: CBDT
The Central Board of Direct Taxes ( CBDT ) asked the taxpayers to remit Tax Deducted at Source (TDS) at five percent while paying House Rent above Rs. 50,000. It is mandatory for an individual
Income Tax Dept unearths Major TDS Fraud
The TDS wing of the Income Tax Department has detected a large-scale scam in the tax deduction at source in government and private sectors during surveys conducted in February. It was found that Rs. 51
Non-Speaking Disallowance of Written off TDS on Unrealized Rental Income: ITAT directs Re-adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) directs the Commissioner of Income Tax (Appeals) [CIT(A)] to re-adjudicate and also orders to record the reasons for the disallowance of written off Tax Deduction Source
Late Fee can be imposed in cases where TDS Default Continued after 1.6.2015: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the late fee can be levied for delay in filing TDS Statement for the period after 1.6.2015 if there is a continuing
Rule 37BA under IT Rules applicable both TDS and TCS claim: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) ruled that the Rule 37BA of Income Tax Rules is applicable to claim of both Tax Deduction Source ( TDS ) and Tax Collected Source (TCS ).
GSTN Alert: TDS Return, TDS Certificate Forms available in GST Portal
As the provisions relating to Tax Deduction at Source (TDS) is all set to implement from tomorrow, the Goods and Services Tax Network ( GSTN ) has enabled the facility to file TDS Return (Form
TDS deducted on offshore supply contracts in India, assessee eligible for refund of TDS Credit: ITAT directs AO to quantify refunds [Read Order]
The Income Tax Appellate Tribunal (ITAT) while directing the Assessing Officer (AO) to quantify the refund held that TDS deducted on offshore supply contracts in India, assesses eligible for refund of TDS Credit. The assessee
Relief to Infosys: ITAT directs AO to re-consider disallowance to TDS Credit of Rs. 29.7 Lakhs [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench has revised its earlier order passed in December 2020 since the issue of disallowance of TDS credit was not considered in the said order, which constituted a
IT Dept unearths TDS Scam involving 3200 Crores: Mumbai based Companies and Individuals under Scanner
Another scam involving Rs. 3,200 crores relating to tax deduction at source has been unearthed by the income tax department. In relation with this, proceedings have been initiated by the TDS wing of the income
Income Tax Order imposing Late Fee u/s 234E for Delay in filing TDS Statement is Appealable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has observed that the order of the income tax department imposing late fee under section 234E of the Income Tax Act, 1961 for the delay in filing
CBIC extends due date for Filing of GSTR-7 for October, 2018 to July, 2019 [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) has extended due date for filing TDS return under GST in form GSTR-7 for the period of October, 2018 to July 2019 to August
Income Tax Department detects Rs 36cr TDS default by Realty Firm
The Income Tax Department has detected alleged tax evasion of over Rs 36 crore, by way of TDS default, after it surveyed a real estate group based in the national capital region. While the group