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![TDS on Foreign Travel LTC Not Deducted: ITAT Confirms ₹17.2 Lakhs Penalty on SBI [Read Order]](https://images.taxscan.in/h-upload/2026/03/12/2128969-tds-on-foreign-travel-ltc-not-deducted-site-imagejpg.webp "TDS on Foreign Travel LTC Not Deducted: ITAT Confirms ₹17.2 Lakhs Penalty on SBI [Read Order]")
TDS on Foreign Travel LTC Not Deducted: ITAT Confirms ₹17.2 Lakhs Penalty on SBI [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chandigarh Bench has upheld a penalty of ₹17,23,630 for failing to deduct Tax Deducted at Source (TDS)...
![SC Declines to Intervene in Delayed Income Tax Reassessment Challenge, Affirms Duty to Cooperate with Authorities [Read Order]](https://images.taxscan.in/h-upload/2026/03/11/2128833-sc-declines-to-intervene-in-delayed-income-tax-reassessment-challenge-affirms-duty-to-cooperate-with-authorities-site-imagejpg.webp "SC Declines to Intervene in Delayed Income Tax Reassessment Challenge, Affirms Duty to Cooperate with Authorities [Read Order]")
![Income Tax Rules Amendment: CBDT Expands ‘Financial Assets’ Definition to Cover Crypto-Assets & Digital Currency Accounts [Read Notification]](https://images.taxscan.in/h-upload/2026/03/06/2128085-cryptojpg.webp "Income Tax Rules Amendment: CBDT Expands ‘Financial Assets’ Definition to Cover Crypto-Assets & Digital Currency Accounts [Read Notification]")
ICAI Seeks AI Solutions for Finance, Accounting and Tax Compliances, Invites Companies to Submit Proposals
The AI committee of Institute of Chartered Accountants of India ( ICAI ) sought AI solutions for Finance, Accounting, tax compliance, legal document drafting, and AI similar services. The committee...
Revolutionizing Tax Compliance: Aadhaar Integration, ChatGPT, and the Role for Finance Professionals
In an era defined by technological advancements, the fusion of Aadhaar, India's unique identification system, and ChatGPT, a state-of-the-art language model, holds the promise of revolutionizing tax...
