Income Tax Dept seeks explanation from Reliance Jio and Tata Communications on TDS from IUC Payments
The two key enterprises in India's telecommunications sector received letters from the Income Tax Department. The department requested an explanation...
![TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/TDS-Late-Fees-Leviable-Prospectively-ITAT-deletes-Penalty-Penalty-ITAT-Income-Tax-taxscan-.jpg "TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]")
CBDT notifies TDS u/s 194A applicable to Scheme of Mahila Samman Savings Certificate, 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) notified that the Scheme of Mahila Samman Savings Certificate, 2023 will be covered under Tax Deduction at Source (TDS) under Section 194A(1)(3)(a) of the...
Relief to Idea, No TDS on Discount to Distributors on sale of SIM Card and Prepaid Recharge Vouchers: ITAT [Read Order]
The Indore Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Idea holding that no Tax Deducted at Source (TDS) would be applicable on discount given to distributors on the sale of...
![Relief to Idea, No TDS on Discount to Distributors on sale of SIM Card and Prepaid Recharge Vouchers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Relief-to-Idea-Idea-TDS-Discount-to-Distributors-on-sale-of-SIM-Card-and-Prepaid-Recharge-Vouchers-Discount-to-Distributors-Discount-SIM-Card-Prepaid-Recharge-Vouchers-ITAT-.jpg "Relief to Idea, No TDS on Discount to Distributors on sale of SIM Card and Prepaid Recharge Vouchers: ITAT [Read Order]")
ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]
In a significant case the Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently ordered full Tax Deduction at Source (TDS) credit after the assessing office withdrew TDS...
![ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-TDS-credit-AO-withdraws-TDS-on-advance-rent-TAXSCAN.jpg "ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]")
No TDS u/s 194H of IT Act applicable on amount paid to Distributors/Dealers for Sale of Pre-paid SIM card and Recharge Vouchers : ITAT deletes Penalty against Bharti Airtel
The Indore bench of Income Tax Appellate Tribunal (ITAT), while deleting penalty against Bharti Airtel held that no Tax Deduction at Source (TDS) is applicabe under Section 194H of the Income Tax...
![ITAT Quashes Invalid Penalty Order on Deceased Assessee u/s 159(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Quashes-Invalid-Penalty-Order-Deceased-Assessee-us-1592-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Quashes Invalid Penalty Order on Deceased Assessee u/s 159(2) of Income Tax Act [Read Order]")
Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that adjustment of stipend as exempted income under section 143(1) of the Income Tax Act, 1961 without stating the reason is not...
![Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Adjustment-of-Stipend-as-Exempted-Income-us-1431-Stating-Reason-ITAT-Addition-TAXSCAN.jpg "Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]")