![Govt to Automate Customs Exchange Rate Issuance Process w.e.f. 4th July 2024 Know Complete Details Here [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/06/CBIC-Customs-Exchange-Rate-Customs-Exchange-Rate-Automation-Rate-Issuance-TAXSCAN.jpg "Govt to Automate Customs Exchange Rate Issuance Process w.e.f. 4th July 2024 Know Complete Details Here [Read Circular]")
Govt to Automate Customs Exchange Rate Issuance Process w.e.f. 4th July 2024 Know Complete Details Here [Read Circular]
The government has announced the automation of exchange rate notifications for imported and exported goods. This change will take effect from the 4th...
![SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/SBI-ITAT-TDS-Statement-taxscan.jpg "SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]")
ITAT deletes Penalty Order against SBI for Non-Deduction of TDS on interest paid on FDRs [Read Order]
Agra bench of Income Tax Appellate Tribunal (ITAT) granted relief to State Bank of India (SBI) from penalty imposed by the Assessing Officer (AO) on account of non-deduction of Tax at Source (TDS). ...
![ITAT deletes Penalty Order against SBI for Non-Deduction of TDS on interest paid on FDRs [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/CA-SBI-Taxscan.jpg "ITAT deletes Penalty Order against SBI for Non-Deduction of TDS on interest paid on FDRs [Read Order]")
Stamp Duty payable on Transfer of Debts along with Underlying Securities: Allahabad HC [Read Judgment]
In Kotak Mahindra Bank v. State of Uttar Pradesh, Allahabad High Court recently held that stamp duty is payable on the transfer of debts along with underlying securities. In the instant case, debts...
ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]
A division bench of the Hyderabad ITAT, while granting relief to M/s SBI Officers Coop. Credit Society Ltd, held that the society is eligible for deduction under Section 80P of the Income Tax Act,...
![ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/SBI.jpg "ITAT Allows 80P Deduction to ‘Interest Income’ earned by SBI Officers Co-op. Credit Society Ltd on deposits placed with SBI [Read Order]")
SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]
While dismissing a departmental appeal, the Income Tax Appellate Tribunal, G bench held that the State Bank of India (SBI) s not bound to deduct tax at source on site restoration fund of ONGC and the...
![SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/SBI-Taxscan.jpg "SBI need not Deduct TDS on Site Restoration Fund of ONGC & Interest Paid on it: ITAT Dismisses Dept’s Plea [Read Order]")
Bank cannot be held as Assessee-in-default for Non-Filing of Form 15H/G in Time: ITAT Bengaluru [Read Order]
In a Significant ruling, the Income Tax Appellate Tribunal (ITAT) Bengaluru held that the Bank cannot be treated as assessee-in-default for not filing Form 15H/G within the due date. While allowing...
SBI to Penalize Account Holders for Low Balance: Penalty includes Service Tax also [Read Circular]
The State Bank of India, after 5 years, is re-introducing penalties for low balance and hiking its transaction fee from April 1, 2017. The circular uploaded in the Bank’s website provided that if an...
