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10% TDS only on Dividend paid by Mutual Funds, not on Redemption on Units: CBDT
The Central Board of Direct Taxes ( CBDT ) has clarified that, 10% TDS only on Dividend paid by Mutual Funds, not on Redemption on Units. The Finance...
![Relief for Rajinikanth: Income Tax Department withdraws Tax Appeal from Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Tax-Appeal-Rajnikanth-Income-Tax-Department-Taxscan.jpg "Relief for Rajinikanth: Income Tax Department withdraws Tax Appeal from Madras High Court [Read Order]")
![CBDT enables Digital Payment Facility for Income Tax Payers [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/01/Digital-Payments-Penalty-CBDT-Taxscan.jpg "CBDT enables Digital Payment Facility for Income Tax Payers [Read Notification]")
No TDS on payment of External Development Charges not made out of any Statutory and Contractual Liability: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), held that the assessee was not required to deduct TDS as the payment of External Development Charges (EDC) was not made out of any...
![No TDS on payment of External Development Charges not made out of any Statutory and Contractual Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/External-Development-Charges-No-TDS-Payment-Delhi-High-Court-ITAT-Taxscan.jpg "No TDS on payment of External Development Charges not made out of any Statutory and Contractual Liability: ITAT [Read Order]")
![ITAT allows Depreciation on Goodwill resulting from Acquisition of Business Unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Acquisition-Business-Unit-Goddwill-ITAT-Taxscan.jpg "ITAT allows Depreciation on Goodwill resulting from Acquisition of Business Unit [Read Order]")
![No Marginal Relief in case of Health and Education Cess: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/01/Cess-Health-Education-CBDT-Taxscan.jpg "No Marginal Relief in case of Health and Education Cess: CBDT [Read Circular]")