If component of VAT, Sales Tax, Excise Duty, CST, GST indicated separately in Invoice then Section 194Q TDS to be deducted without including Indirect Taxes, clarifies CBDT
The Central Board of Direct Taxes (CBDT) has clarified that if components of VAT, sales tax, excise duty, CST, GST are indicated separately in the...
![No TDS u/s 194-O is required on E-Auction Services: CBDT issues Guidelines [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/11/TDS-E-Auction-Services-CBDT-Taxscan.jpeg "No TDS u/s 194-O is required on E-Auction Services: CBDT issues Guidelines [Read Circular]")
![CBDT notifies New Form 52A to be furnished by Producers of Cinematograph Films [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/production-of-cinematograph-film-CBDT-Taxscan.jpg "CBDT notifies New Form 52A to be furnished by Producers of Cinematograph Films [Read Notification]")
![Supreme Court turns down Govt’s plea to Transfer Cases relating to Income Tax Reassessment Notices Sent from HC to SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Supreme-Court-GST-royalty-mining-rights-taxscan.jpg "Supreme Court turns down Govt’s plea to Transfer Cases relating to Income Tax Reassessment Notices Sent from HC to SC [Read Order]")
CBDT notifies Income Tax Exemption for School Employees Retirement System of Ohio on eligible Investment Made in India [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the Income Tax Exemption for School Employees Retirement System of Ohio under section 10(23FE) on eligible investments made in India. ...
![CBDT notifies Income Tax Exemption for School Employees Retirement System of Ohio on eligible Investment Made in India [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/CBDT-Income-Tax-Exemption-School-Employees-Retirement-System-of-Ohio-Taxscan.jpeg "CBDT notifies Income Tax Exemption for School Employees Retirement System of Ohio on eligible Investment Made in India [Read Notification]")
CBDT notifies 1% Tolerance Limit for Wholesale Trading under Transfer Pricing for AY 2020-21 [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the 1% Tolerance Limit for wholesale trading under transfer pricing for Assessment Year 2020-21. “In exercise of the powers conferred by...
![CBDT notifies 1% Tolerance Limit for Wholesale Trading under Transfer Pricing for AY 2020-21 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/CBDT-Tolerance-Limit-wholesale-trading-transfer-pricing-AY-2020-21-Taxscan.jpeg "CBDT notifies 1% Tolerance Limit for Wholesale Trading under Transfer Pricing for AY 2020-21 [Read Notification]")
CBDT notifies E-Settlement Scheme, 2021 to settle pending Application Transferred to Settlement Commission [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the e-Settlement Scheme, 2021 to settle pending Applications transferred to the Settlement Commission. This Scheme shall be applicable to...
![CBDT notifies E-Settlement Scheme, 2021 to settle pending Application Transferred to Settlement Commission [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/CBDT-e-Settlement-Scheme-2021-Settlement-Commission-Taxscan.jpg "CBDT notifies E-Settlement Scheme, 2021 to settle pending Application Transferred to Settlement Commission [Read Notification]")
![CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/11/CBDT-Patanjali-Research-Foundation-Trust-scientific-research-Taxscan.jpg "CBDT allows Income Tax Deduction to Patanjali Research Foundation Trust [Read Notification]")
Karnataka High Court condones delay in filing Income Tax Return caused due to ‘Genuine Hardship’ [Read Order]
The Karnataka High Court held that the Central Board of Direct Taxes (CBDT) empowered to issue orders to other Income Tax Authorities to Condone Delay in cases of genuine hardship. The respondent...
![Karnataka High Court condones delay in filing Income Tax Return caused due to ‘Genuine Hardship’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/filing-ITR-Karnataka-High-Court-Taxscan.jpg "Karnataka High Court condones delay in filing Income Tax Return caused due to ‘Genuine Hardship’ [Read Order]")