![Belated Return Filed u/s 139(4) Satisfies Proviso to S.201(1) of Income Tax Act: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-ITAT-Raipur-Income-Tax-Return-filing-TAXSCAN.jpg "Belated Return Filed u/s 139(4) Satisfies Proviso to S.201(1) of Income Tax Act: ITAT Allows Appeal [Read Order]")
Belated Return Filed u/s 139(4) Satisfies Proviso to S.201(1) of Income Tax Act: ITAT Allows Appeal [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal, stating that belated returns filed under Section 139(4) satisfy the...
World Bank praises India's Progress at Digital Public Infrastructure including UPI initiative in G20 Document
The document drafted by the World Bank concerning the G20 Global Partnership for Financial Inclusion has praised India for the Digital Public Infrastructure (DPI), which encompasses initiatives like...
Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 shall be imposed when the assessee failed to deduct the Tax...
![Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Income-Tax-Assessee-fails-to-deduct-TDS-TDS-amount-of-Interest-to-NBFCs-ITAT-NBFCs-taxscan.jpg "Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]")
NBFCs Not Liable to Pay Interest Tax on Interest received under Hire-Purchase Agreement: Supreme Court [Read Order]
A two-judge bench of the Supreme Court has held that the non-banking finance companies are not liable to pay interest tax on the interest component received under the hire-purchase agreement under...
![NBFCs Not Liable to Pay Interest Tax on Interest received under Hire-Purchase Agreement: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/NBFCs-Interest-Tax-Interest-Tax-on-Interest-received-Hire-Purchase-Agreement-Supreme-Court-taxscan.jpg "NBFCs Not Liable to Pay Interest Tax on Interest received under Hire-Purchase Agreement: Supreme Court [Read Order]")
![RBI notifies Exemptions to Provisions relating to NBFCs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/RBI-Exemptions-NBFCs-Taxscan.jpg "RBI notifies Exemptions to Provisions relating to NBFCs [Read Notification]")
![RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/01/RBI-Issues-Master-circular-Bank-finance-Non-Banking-Financial-Companies-Taxscan.jpeg "RBI issues Master Circular on Bank Finance to Non-Banking Financial Companies [Read Circular]")
