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Tax Deducted at Source

TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]

Sneha Sukumaran Mullakkal

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allows Tax Deducted at Source ( TDS ) credit to the person in whose hands the income is...

Updated Income Tax Bill likely to be Tabled at Lok Sabha Today

ITAT Weekly Round-up [August 2nd- August 9th]

Railway Guard Wins Tax Relief: ITAT orders Fresh Assessment After TDS Credit Denial Due to Missed...

Denial of TDS Credit on Farmers Sales by Commission Agent: ITAT Relies on CBDT Circular to Grant...

Income Tax Compliance Calendar for August 2025

The month of August 2025 carries several important income tax compliance deadlines for taxpayers, government offices, and other entities. Staying on top of these due dates is essential to avoid...

Secondment arrangement does not give rise to any tax liability: Karnataka HC sets aside IGST Demand [Read Order]

The Karnataka High Court held that the secondment arrangement does not give rise to any tax liability and set aside the Integrated Goods and Services Tax (IGST) demand. The petitioner,...

Revision u/s 64 of KVAT Act After Grant of Karasamadhana Scheme Benefit Not Permissible: Karnataka HC [Read Order]

The High Court of Karnataka, held that after grant of benefit under the Karasamadhana Scheme, 2021, initiating revision proceedings under Section 64 of the Karnataka Value Added Tax (KVAT) Act is...

No Regulatory Ban on Offshore Crypto Platforms: FIU-IND Registers VASPs Under PMLA while RBI Issues Warnings on Risks to Public

Amid rising concerns over the operation of offshore cryptocurrency platforms within India, the Ministry of Finance has clarified that there is currently no regulatory ban on such platforms. In a...

Bybit to Levy 18% GST on Indian Users, Making Crypto Trading Costlier

Bybit, a global crypto exchange, has started charging an 18% Goods and Services Tax (GST) on trading and transaction fees for users in India. This GST is in addition to the 30% income tax on crypto ...

Unexplained Cash Credit on ₹31.15 Lakh Loan Repayment: ITAT Upholds Deletion Confirming Genuine Repayment Through Banking Channels [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal against the addition of ₹31.15 lakh as unexplained cash credit, upholding the deletion by the Commissioner...

No PAN Mandatory for Lower TDS under DTAA: Gujarat HC rules in favour of Adani Wilmar Ltd [Read Order]

In a ruling in favour of Adani Wilmar Ltd, the Gujarat High Court has held that the Permanent Account Number (PAN) is not mandatory for lower Tax Deducted At Source (TDS) under the Double Tax...