Category: Income Tax
Withdrawal of deposits under NSS or deferred annuity plan exempted from TDS under section 194EE Section 194EE of the Income Tax Act, 1961 (the Act) provides for deduction of tax at source (TDS) @ 10 per cent in respect of deposits under National Savings Scheme or payment to …
Cash Advance received by the assessee and not doubted by AO can’t be rejected as source of cash available for deposits in bank – ITAT In a recent judgment, ITAT Agra held that when Assessing Officer (AO) accepted the advance received from customers in cash as genuine and …
CBDT sets deadline of PAN and Aadhaar linking to 31.12.2025 in cases where PAN were allotted on the basis of Enrolment ID of Aadhaar application form filed prior to the 1st day of October, 2024. CBDT has issued two Notifications for linking of PAN to Aadhaar where Permanent …
No Penalty can be imposed u/s 270A by AO on the basis of difference in fair market value determined by the DVO on estimation basis with the sale deed price. In a recent judgment, ITAT Chennai has deleted Penalty under section 270A imposed by AO on the basis …
Excel Form 10E-Salary Arrears Relief calculator AY 2025-26 (FY 2024-25) for claiming rebate under section 89(1) of Income Tax Act 1961-Download As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives salary in …
Order of Settlement Commission is conclusive and final in respect of the relevant assessment year and AO have no jurisdiction to reopen the assessment under section 147. In a recent judgment, Hon’ble Supreme Court has quashed the Special Leave Petition (SLP) against the judgment of the Hon’ble Gujarat …
NSDL latest e-TDS TCS RPU Version 5.5 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns. e-TDS/TCS RPU version 5.5 for Statement(s) from FY 2007-08 onwards has been released. Also e-TDS/TCS File validation utility (FVU) versions 2.186 for FY 2007-08 to FY 2009-10 …
Revised Excel Form 3CD Tax Audit Report for AY 2025-26. Download Revised Tax Audit Report with Annexures Revised Form 3CD in Excel Format for AY 2025-26 CBDT vide Notification No. 23/2025 dated 28.03.2025 has amended the Tax Audit report Form 3CD to be issued by the chartered accountants …
CBDT waives interest for late deposit of TDS/TCS due to technical glitches where payment was debited from bank account on or before due date. CBDT has passed order under section 119 of the Income-tax Act, 1961 for waiver on levy of interest for late deposit of TDS/TCS under …
CBDT amends Form 3CD of Tax Audit Report w.e.f. Assessment Year 2025-26. CBDT has revised Form 3CD of Tax Audit Report for AY 2025-26 by notifying the Income-tax (Eighth Amendment) Rules, 2025 vide Notification No. 23/2025 dated 28.03.2025 effective from 1st day of April, 2025. The summary of …
