Tax Evasion under Government License without maintaining proper registers, documents : Karnataka HC upholds FIR registered under Karnataka Police Act
In a recent case, the Karnataka High Court while observing tax evasion carried under government license without proper registers and documents ...
Employee cannot be penalized when employer failed to perform his duty to deposit TDS with revenue: Delhi HC [Read Order]
In a significant case, the Delhi High Court, while allowing the petition, held that the employee could not be penalized when the employer failed to perform his duty to deposit Tax Deduction at...
Amount Retention by Advertisement Agencies on Principal-Principal basis is Trade Discount, No TDS Obligation u/s 194H: Delhi HC [Read Order]
In a recent verdict, the Delhi High Court determined that the amount retained back by advertising agencies from the assessee, following a principal-to-principal arrangement, qualifies as a trade...
CBDT amends Rule of Rate of Exchange for Purpose of TDS on Income Payable in Foreign Currency [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. G.S.R. 607(E) notified the amendment in the Rule 26 of the Income Tax Rules, 1962 on 17th August 2023. According to the notification,...
![CBDT amends Rule of Rate of Exchange for Purpose of TDS on Income Payable in Foreign Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-Rule-of-Rate-of-Exchange-Rate-of-Exchange-TDS-Income-Payable-in-Foreign-Currency-Income-Payable-Foreign-Currency-taxscan.jpg "CBDT amends Rule of Rate of Exchange for Purpose of TDS on Income Payable in Foreign Currency [Read Notification]")
28% GST Leviable on Actionable Claims in Form of Betting and Gambling in Online Gaming; Finance Ministry Clarifies before ParliamentÂ
The Monsoon session of Parliament commenced on July 20th, 2023, and is scheduled to conclude on August 11th, 2023. During this session, various issues were discussed. The 50th and 51st Goods and...
GST Council clarifies E-invoicing mandatory for registered persons beyond threshold for supplies to Govt. Departments
The Union Finance Minister Nirmala Sitaraman presided over the 50th meeting of the GST Council on 11th July 2023 at Vigyan Bhawan in New Delhi including Revenue Secretary Sanjay Malhotra, CBIC...
Investigation Initiated against Non-disclosure of PAN number and TDS for Registration of Sale Deed : SC disallows Anticipatory Bail filed u/s 438 of CrPC [Read Order]
In a recent judgment, the Supreme Court of India quashed the anticipatory bail filed under section 438 of the Criminal Procedure Code, 1973 against the investigation initiated for non-disclosure of...
![Investigation Initiated against Non-disclosure of PAN number and TDS for Registration of Sale Deed : SC disallows Anticipatory Bail filed u/s 438 of CrPC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investigation-Initiated-against-Non-disclosure-of-PAN-number-and-TDS-Non-disclosure-of-PAN-Registration-of-Sale-Deed-SC-disallows-Anticipatory-Bail-taxscan.jpg "Investigation Initiated against Non-disclosure of PAN number and TDS for Registration of Sale Deed : SC disallows Anticipatory Bail filed u/s 438 of CrPC [Read Order]")
Error in Depositing Tax not in Relevant Assessment Year: Delhi HC quashes Income Tax Notice [Read Order]
A Division Bench of the Delhi High Court quashed an income tax notice even though there was error by in depositing tax not in relevant assessment year. A perusal of the notice issued under Section...
![Error in Depositing Tax not in Relevant Assessment Year: Delhi HC quashes Income Tax Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Error-in-Depositing-Tax-Relevant-Assessment-Year-Delhi-HC-Income-Tax-Notice-Delhi-High-Court-taxscan.jpg "Error in Depositing Tax not in Relevant Assessment Year: Delhi HC quashes Income Tax Notice [Read Order]")