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TDS Default

CBDT issues Revised Guidelines for compounding offences under the Income Tax Act, 1961

Abdullah Karuthedakam

In conformity with the Finance Minister’s budget announcement on simplification and rationalization of compounding procedure, CBDT has issued Revised...

No Late Fee for TDS Default for AY 2013-14: ITAT [Read Order]

Demand of Late Fee u/s. 234E on TDS Default before 01/06/2015 not sustainable: ITAT [Read Order]

Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders...

Income Tax Return 2020: CBDT amends Form 26AS from this year

Bangalore Sessions Court convicts a Company MD for TDS Default [Read Order]

In a recent judgment, the Additional City Civil and Sessions Judge upheld the trial court decision in convicting Company Managing Director for the offense punishable U/s.276B of the Income Tax Act and...

TDS Default by SBI on LTC Payments: ITAT deletes Penalty

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ), on Friday deleted the penalty proceedings initiated by the tax department against the State bank of India ( SBI ) for not deducting...

Income Tax Department detects Rs 36cr TDS default by Realty Firm

The Income Tax Department has detected alleged tax evasion of over Rs 36 crore, by way of TDS default, after it surveyed a real estate group based in the national capital region. While the group was...

No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that no TDS default can me imposed on interest payments, if Income Tax Form 15G/ 15H is...

Income Tax Dept unearths Major TDS Fraud

The TDS wing of the Income Tax Department has detected a large-scale scam in the tax deduction at source in government and private sectors during surveys conducted in February. It was found that Rs....

A ‘Month’ for imposing Penalty for TDS Default means 30 Days, not a British Calendar Month: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that for the purpose of imposing the penalty under section 201(1A) of the Income Tax Act for TDS Default, a ‘month’ means 30 days and...

Late Fee can be imposed in cases where TDS Default Continued after 1.6.2015: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the late fee can be levied for delay in filing TDS Statement for the period after 1.6.2015 if there is a continuing default...