Income Tax Filing for NRIs: Know the Returns and Forms Applicable for Non-Resident Individuals for AY 2023-2024
Non-Resident Individual is an individual who is not a resident of India for tax purposes. In order to determine whether an Individual is a...
![Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Capital-Purpose-Expenditure-Forex-loss-TAXSCAN.jpg "Forex loss used for Working Capital Purpose of Assessee is a Revenue Expenditure and shall be allowed as Deduction u/s 37(1): ITAT [Read Order]")
![NCLT Directs Income Tax Dept. to Refund Rs. 28.92 Lakhs TDS deducted u/s 194IA from e-Auction Purchasers to CD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/NCLT-Income-Tax-Dept-NCLT-Directs-Income-Tax-Dept.-to-Refund-TDS-e-Auction-Purchasers-to-CD-CD-taxscan.jpg "NCLT Directs Income Tax Dept. to Refund Rs. 28.92 Lakhs TDS deducted u/s 194IA from e-Auction Purchasers to CD [Read Order]")
![No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Tax-Deducted-at-Source-Consultant-Doctors-Retainer-Doctors-payment-made-to-Consultant-Doctors.jpg "No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]")
![Gross amount charged by Service provider u/s 67 of Finance Act attracts Service Tax and not on TDS amount: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Gross-amount-charged-by-Service-Finance-Act-Attracts-service-tax-Tax-Deducted-at-Source-Finance-Act-Customs-TAXSCAN.jpg "Gross amount charged by Service provider u/s 67 of Finance Act attracts Service Tax and not on TDS amount: CESTAT [Read Order]")
When Substantial Justice and technical considerations are pitted against each other, Cause of Substantial Justice shall be preferred: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that when substantial justice and technical considerations are pitted against each other then the cause of substantial justice...
![When Substantial Justice and technical considerations are pitted against each other, Cause of Substantial Justice shall be preferred: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/When-Substantial-Justice-technical-considerations-pitted-against-each-other-Cause-of-Substantial-Justice-ITAT-TAXSCAN.jpg "When Substantial Justice and technical considerations are pitted against each other, Cause of Substantial Justice shall be preferred: ITAT [Read Order]")
IT Dept starts Intimation of short deduction of TDS in TRACES Portal w.r.t. PAN-Aaadhar Linking Higher Rate
The Income Tax Department has started intimation of justification reports with respect to Tax Deducted at Source (TDS) short deduction at higher rate in light of the PAN-Aadhar linking status...
Payments made in Compensatory Nature are not interest u/s 194A of Income Tax Act, for purpose of Deduction of TDS: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the payments made in compensatory nature are not interest under Section 194A of Income Tax Act, 1961 for purpose of deduction...
![Payments made in Compensatory Nature are not interest u/s 194A of Income Tax Act, for purpose of Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Payments-Compensatory-Nature-Income-Tax-Act-Deduction-of-TDS-ITAT-taxscan.jpg "Payments made in Compensatory Nature are not interest u/s 194A of Income Tax Act, for purpose of Deduction of TDS: ITAT [Read Order]")
![Service Tax not Payable When TDS Paid from Assessees own Account: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Service-Tax-not-Payable-Service-Tax-TDS-Paid-Tax-Deducted-At-Source-Cestat-Excise-Customs-Cestat-News-Tax-News-TDS-Paid-from-Assessees-own-Account-Own-Account-TAXSCAN.jpg "Service Tax not Payable When TDS Paid from Assessees own Account: CESTAT [Read Order]")
Bar u/s 205 of Income Tax Act Effects when it was established that Tax has been Deducted at Source: Delhi HC Dismisses Review Application [Read Order]
The Delhi High Court held that the bar under section 205 of the Income Tax Act, 1961 effects when it was established that the tax has been deducted at the source and dismissed the review application....
![Bar u/s 205 of Income Tax Act Effects when it was established that Tax has been Deducted at Source: Delhi HC Dismisses Review Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Under-Section-205-Of-Income-Tax-Act-Income-Tax-Act-Income-Tax-Tax-Deducted-At-Source-Delhi-High-Court-Dismisses-Review-Application-Review-Application-TAXSCAN.jpg "Bar u/s 205 of Income Tax Act Effects when it was established that Tax has been Deducted at Source: Delhi HC Dismisses Review Application [Read Order]")