The Madras High Court while following its earlier decision held that the payment for the acquisition of leasehold rights over immovable property is not rental income, hence not liable for deduction of tax at source...
The Madras High Court refused to quash prosecution for the Compounding of offense under Section 276C(1) of Income Tax Act. The respondent authority lodged a complaint for the offense under Section 276C(1) of the Income...
The Karnataka High Court held that the Third Party Administrator (TPA) is required to deduct tax at source (TDS) on payments made to hospitals under Section 194J of the Income Tax Act. The assessee, TTK...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the CIT(A) ruled that the CIT(A) ought to analyse nature of service undertaken by assessee and taxation of fees for technical...
The Central Board of Direct Taxes (CBDT) issued the instructions for filing of Income-tax Return (ITR) forms for Assessment Year 2020-21. The instructions issued by the Board are the guidelines to help the taxpayers for...
The Central Board of Direct Taxes (CBDT) issued the directions for exercising the power of the survey under Section 133A of Income Tax Act, 1961. The Board in pursuance of the Taxation and Other Laws...
The Central Board of Direct Taxes and Customs (CBDT) notified the order under section 119 of the Income-tax Act, 1961 for exercising power of intrusive or coercive action for recovery of tax demand by Assessing...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that TDS cannot be deducted on the rent if the accommodation services were taken on a casual basis. The assessee, Dadiba kali Pundole Esplanade House is...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that roaming charges paid by Reliance Communications are not in the nature of ‘fee for technical services’, tax deducted at source (TDS) not liable to be...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Acer India can not be fastened with liability to Tax Deducted at Source (TDS) retrospectively in respect of payments made for purchase of licensed software....
The Income Tax Appellate Tribunal (ITAT) Bangalore Bench deleted the penalty for failure to deduct tax at source (TDS) against Canara Bank. The Assessee, M/s. Canara Bank is a nationalised bank, carrying on banking business...
ekincare is inviting applications for the post of Finance Executive. ekincare from Aayuv Technologies Pvt. Ltd. operates an online and offline medical record hosting, retrieval, and health tracking website. The Company offers cloud hosting and...
This Wednesday, 7th October, 2020, at 6:00 PM, CA Tarun Jagdish is delivering a master class on TDS E-Commerce Operations. Taxscan is offering a free master class regarding to TDS on E-Commerce Operations, if you...
The Bombay High Court set aside the respondent authority’s order rejecting the application of the petitioner for issuance of a certificate. The petitioner, Vijaykumar Satramdas Lakhani is a partner in M/s. Lakhani Realty LLP. During...
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench vehicle deleting the penalty held that the assessee, Bank of India was not guilty of non-deduction of Tax Deduction at Source (TDS). The assessee bank has paid...
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the Assessing Officer to allow the credit of TDS to Honda Motorcycle and Scooters India. The Appellant, Honda Motorcycle and Scooters India Pvt. Ltd. is a...
The new income tax rule introduced on foreign exchange transactions, which was supposed to be effective from April 1, 2020, was extended till October 1, 2020, and has also been amended. Those making foreign remittances...
The Ministry of Finance has issued clarification on the applicability of Tax Collection at Source on newly introduced provisions relating to Tax Collection at Source (TCS) on certain goods introduced vide Finance Act, 2020. The...
Applications are invited On-line through the Centre for Management Development (CMD) website from eligible candidates for filling up of the post-Accounts Executive in Kerala Infrastructure Investment Fund Board (KIIFB). KIIFB is a government-owned financial institution...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while upholding the provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales. The assessee, M/s HDFC Sales Pvt. Ltd....
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to the AO held that the disallowance cannot be more than the income earned by the assessee. The assessee, Oman International Bank...
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