Read all Latest Updates on and about TDS

Begin typing your search above and press return to search.

Home
»
TDS

Govt. invites Comments on Proposed Amendments to Income Tax Rules, 1962 [Read Draft Notification]

The Finance Ministry has invited comments from Stakeholders and General Public on Proposed Amendments to Income Tax Rules, 1962 by 4th September 2018....

Reimbursement of Expenses to C&F Agents for achieving Targets not subject to TDS: ITAT [Read Order]

Salary Earned by Indian Employee stayed outside India for 182 days is Exempt from Income Tax even if...

Wharfage Charges paid to Kolkata Port Trust is not Rent, No TDS: ITAT [Read Order]

Financial Crisis is a ‘Reasonable Cause’ for Delayed Deposit of TDS: ITAT [Read Order]

NOIDA is not a Local Authority, No Tax Relief: Supreme Court [Read Judgment]

A two-judge bench of the Supreme Court has held that the New Okhla Industrial Development Authority ( NOIDA ) is not covered by the definition of local authority as contained in Explanation to Section...

Bank not liable to deduct TDS on Interest to NOIDA on FDs: SC [Read Judgment]

Upholding the Allahabad High Court favoring the NOIDA and Banks, the Supreme Court held that the Canara Bank cannot be treated as assessee-in-default by the income tax department for non-deduction of...

No TDS on Premium paid for a limited period for Acquisition of Leasehold Rights: SC [Read Judgment]

The Supreme Court last week held that the amounts paid as part of the lease premium or biannual or annual payments for a limited/specific period towards the acquisition of leasehold rights are not...

Payments made for Air Freight not Taxable in India: ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in the case of M/s. KGL Network (P) Ltd v. The ACIT held that payments made for Air Freight by the assessee-company to such airline...

Why Income Tax Return Filing is Mandatory? All You Need to Know

Paying Tax in time and participate in the nation-building is both a legal and moral duty of a citizen. It is important to note that Income Tax Return must be filed even if there are no tax dues to the...

Govt. Extends Suspension of provisions on TDS and TCS till Sept. 30th

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended tax deduction at source (TDS) and collection of tax at source (TCS) till 30th September 2018. The competent authority has decided...

ITAT grants relief to Hero Moto Corp Ltd [Read Order]

While granting relief to M/s Hero Moto Corp Ltd, the New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) held that, With regard to the ground relating to addition of freight inward/ import...

Prev Page Next Page