![Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Madras-High-Court-Income-Tax-Department-TDS-Remittance-Taxpayer-taxscan.jpeg "Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]")
Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]
While dismissing the petition, the Madras High Court ordered the Income Tax Department to review the replies filed by the petitioner-assessee to...
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...
