Is Your Diwali Bonus Taxable or Not? Here’s the Truth Every Employee Should Know
As the festive season approaches and companies announce their annual Diwali bonuses, many employees across India find themselves asking the same...
![Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/2096176-income-tax-refund.webp "Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]")
![ITAT Grants Full TDS Credit of Rs. 13 Lakh on Jointly Held Ancestral Property Sale Following Deductor’s Procedural Error [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/2094883-itat-tds-property-sale-taxscan.webp "ITAT Grants Full TDS Credit of Rs. 13 Lakh on Jointly Held Ancestral Property Sale Following Deductor’s Procedural Error [Read Order]")
TDS Disallowance u/s 40(a)(ia): ITAT Allows Rs. 23.67L Deduction, Sets Aside First Appellate Order [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a deduction of Rs. 23,67,760 lakh under section 40(a)(ia) of Income Tax Act,1961 for Tax Deducted at Source (TDS) deposited ...
![TDS Disallowance u/s 40(a)(ia): ITAT Allows Rs. 23.67L Deduction, Sets Aside First Appellate Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/2094586-itat-weekly-round-up-itat-income-tax-income-tax-act-weekly-round-up-taxscan.webp "TDS Disallowance u/s 40(a)(ia): ITAT Allows Rs. 23.67L Deduction, Sets Aside First Appellate Order [Read Order]")
Advance Income from AMC Contracts not Taxable Entirely on Invoicing: ITAT grants Relief to HP India Confirming Consistent Accounting Method, allows Proportionate TDS Credit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, ruled that income received in advance from annual maintenance contracts (AMC) should be recognized over the contract period in accordance...
![Advance Income from AMC Contracts not Taxable Entirely on Invoicing: ITAT grants Relief to HP India Confirming Consistent Accounting Method, allows Proportionate TDS Credit [Read Order]](https://images.taxscan.in/h-upload/2025/09/27/2091523-2090381-allegation-turnover-itat-hp-india-taxscan-1.webp "Advance Income from AMC Contracts not Taxable Entirely on Invoicing: ITAT grants Relief to HP India Confirming Consistent Accounting Method, allows Proportionate TDS Credit [Read Order]")
No Disallowance u/s. 40(a)(ia) where TDS on Buyback of Shares Paid Not Claimed in P&L but Adjusted Against Reserves: ITAT upholds CIT(A) Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal of the revenue and upheld the CIT(A) order. The tribunal held that disallowance under Section 40(a)(ia) of the ...
![No Disallowance u/s. 40(a)(ia) where TDS on Buyback of Shares Paid Not Claimed in P&L but Adjusted Against Reserves: ITAT upholds CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/27/2091468-no-disallowance-itat-taxscan.webp "No Disallowance u/s. 40(a)(ia) where TDS on Buyback of Shares Paid Not Claimed in P&L but Adjusted Against Reserves: ITAT upholds CIT(A) Order [Read Order]")
Short Grant of Income Tax TDS Credit on Property Sale: ITAT Orders Refund of ₹37.88 Lakh Within One Month [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) ordered a refund of ₹37.88 lakh within one month, holding that there was a short grant of Tax Deducted at Source (TDS) credit on a ...
![Short Grant of Income Tax TDS Credit on Property Sale: ITAT Orders Refund of ₹37.88 Lakh Within One Month [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/2088267-tax-deducted-source-tds-property-taxscan.webp "Short Grant of Income Tax TDS Credit on Property Sale: ITAT Orders Refund of ₹37.88 Lakh Within One Month [Read Order]")
New Income Tax TDS Form, Requirements from April 1, 2026 with New Act, Rules Implementation: Find Checklist for Preparation Here
The Income Tax Department will roll out a new TDS (Tax Deducted at Source) form that will come into effect from April 1, 2026. The revised format is expected to improve compliance, minimize...
