![No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-TDS-Tax-Deducted-At-Source-ITAT-TDS-liability-ruling-Taxscan.jpg "No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]")
No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down the additional tax demand, concluding that no Tax Deducted at...
![TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-TDS-TDS-on-salary-Doctor-Salary-TDS-Doctor-salary-taxation-taxscan.jpg "TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]")
![Service Tax is leviable on Rent received by Individual assessee from a Property jointly owned: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/CESTAT-CESTAT-Ahmedabad-Service-Tax-Service-Tax-on-Rent-Individual-Assessee-taxscan.jpg "Service Tax is leviable on Rent received by Individual assessee from a Property jointly owned: CESTAT [Read Order]")
Income Tax TRACES Portal Now accepts Applications for Lower or Nil TDS/TCS Deduction for FY 2024-25
The Income Tax Department of India has announced that the TRACES portal is now accepting applications for lower or nil Tax Deducted at Source ( TDS ) and Tax Collected at Source ( TCS ) deduction for...
No TDS applicable u/s 194H in B2B Transactions if assessee not responsible for paying Income Tax or Filing Returns: Supreme Court [Read Order]
The Supreme Court of India has held that, “the assessees would not be under a legal obligation to deduct tax at source on the income/profit component in the payments received by the...
![No TDS applicable u/s 194H in B2B Transactions if assessee not responsible for paying Income Tax or Filing Returns: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-B2B-transactions-TDS-exemption-Tax-deduction-on-payments-Filing-returns-for-TDS-exemption-taxscan.jpg "No TDS applicable u/s 194H in B2B Transactions if assessee not responsible for paying Income Tax or Filing Returns: Supreme Court [Read Order]")
No Deduction of TDS u/s 194 C of Income Tax Act for land leveling Expenses: ITAT deletes Income Tax addition [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has decided to delete the Income Tax addition, as it found that no deduction of Tax Deducted at source ( TDS ) under Section 194C of...
![No Deduction of TDS u/s 194 C of Income Tax Act for land leveling Expenses: ITAT deletes Income Tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/No-Deduction-TDS-Income-Tax-Act-land-leveling-Expenses-ITAT-Income-Tax-taxscan.webp "No Deduction of TDS u/s 194 C of Income Tax Act for land leveling Expenses: ITAT deletes Income Tax addition [Read Order]")
No TDS Deduction u/s 194 J of Income Tax Act, when consultancy charges excluding Service Tax does not Exceed Rs. 30,000: ITAT
The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Delhi, observed that no Tax Deducted at Source ( TDS ) deduction under Section 194J of the Income Tax Act, 1961, when consultancy...
Income Tax TRACES Portal new functionality: Dept enables lower/nil TDS Application Facility against Excessive TDS Deductions
In a recent TRACES Portal update, individuals encountering high TDS deductions beyond their tax liability under the Income Tax Act now have the opportunity to seek relief. By applying for a...
More than 2 Lakh Individuals report an Income exceeding Rs.1 Cr in Income Tax Returns: MoS Finance in Rajya Sabha
In a recent session of Rajya Sabha, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, addressed queries on the income profiles of taxpayers in the country. The detailed...
