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Belated Deposit of TDS: Andhra Pradesh HC quashes Prosecution Proceedings as Assessee Paid Tax along with Late Payment Interest [Read Order]

In a recent case, the Andhra Pradesh High Court has quashed the prosecution proceedings launched against the assessee for belatedly depositing tax deducted at source ( TDS ). The Court found that the...

Andhra Pradesh High Court - tax deducted at source - TDS - prosecution proceedings - Deposit of TDS - tax updates - taxscan
Yogitha S. Yogesh

No Service Tax Leviable on TDS Amount which does not form part of Consideration of Paid Service under ‘IPR service’ and ‘Management Consultancy service’: CESTAT [Read Order]

The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that service tax cannot be levied on Tax Deducted at Source (TDS) amount which was paid by the assessee...

No Service Tax Leviable on TDS Amount which does not form part of Consideration of Paid Service under ‘IPR service’ and ‘Management Consultancy service’: CESTAT [Read Order]
Shabna Rahim

Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 37 of the Income Tax Act 1961 holding that the interest paid on delayed payment of Tax Deducted at...

Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]
Fathima Karama A.M

Interest paid on Delayed TDS Payment is Compensatory in Nature: ITAT allows deduction u/s 37(1) [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed deduction under Section 37(1) of the Income Tax Act 1961 holding that the interest paid on delayed Tax Deducted at Source (TDS)...

Interest paid on Delayed TDS Payment is Compensatory in Nature: ITAT allows deduction u/s 37(1) [Read Order]
Fathima Karama A.M

Income can be Said to have Accrued Only when there is Certainty of Receipt: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the income could be said to have accrued only if there was a certainty of receipt. The assessee, Essar Steel Metal Trading...

Income can be Said to have Accrued Only when there is Certainty of Receipt: ITAT
Fathima Karama A.M

Mere belated TDS Remittance won't attract Penalty u/s 271C of Income Tax Act: SC [Read Judgement]

The Supreme Court (SC) of India has held that mere belated TDS remittance won't attract a penalty under section 271C of the Income Tax Act, 1961. M/s US Technologies, the appellant challenged the...

Mere belated TDS Remittance wont attract Penalty u/s 271C of Income Tax Act: SC [Read Judgement]
Yogitha S. Yogesh

Charges received for Carrying out of Re-fabrication of Bushings Not Taxable under Indo-Singapore Treaty: ITAT Allows TDS Credit to Owens Corning

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the Tax Deducted at Source (TDS) credit to Owens Corning holding that the charges received for carrying out re-fabrication of...

Charges received for Carrying out of Re-fabrication of Bushings Not Taxable under Indo-Singapore Treaty: ITAT Allows TDS Credit to Owens Corning
Fathima Karama A.M

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