Tag: TDS Credit Mismatch
ITAT directs credit of TDS appearing in old PAN of amalgamating company to amalgamated company with another PAN ABCAUS Case Law Citation:ABCAUS 3711 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming not granting the credit of tax …
Future refunds can not be adjusted for TDS mismatch in terms of Section 205 of the Income Tax Act 1961 ABCAUS Neutral Case Law Citation:ABCAUS 3674 (2023) (02) HC In the instant case, the assessee had filed a Writ Petition before the Hon’ble High Court challenging the non payment …
Credit for TCS made in the hands of partner allowed to partnership firm. If ultimate conclusion on application u/s 154 can only be one particular conclusion then it can be said that the issue is debatable – ITAT ABCAUS Case Law Citation: ABCAUS 3658 (2023) (02) ITAT Important …
Penalty u/s 271B deleted. Books of Accounts not finalised due to TDS credit mismatch despite assessee made sincere attempts for its rectification and resignation of accountant ABCAUS Case Law Citation:ABCAUS 3246 (2020) (02) ITAT The assessee had filed an appeal against the order of Commissioner of Income Tax …
Download Tax/TDS Credit Mismatch report from income tax e-filing account Income Tax e-filing portal has enabled viewing and downloading report of Tax/TDS credit mismatch between Form 26AS and TDS claimed. The report shall enable assessees in pin pointing the mismatch in TDS as claimed and as appearing in …
CBIC analysis of ITR/TDS data received from CBDT shows possible leakage of Service Tax revenue As per Central Board of Indirect Taxes & Customs (CBIC), DG (Systems) has undertaken an analysis of the Income Tax Returns (ITR)/Tax deducted at Source (TDS) data for FY 2015-16 received from the …
TDS credit for wrong PAN mentioned in TDS return by employer- ITAT directs Assessing Officer (AO) to give credit of TDS to the assessee after verification ABCAUS Case Law Citation:ABCAUS 2782 (2019) (02) ITAT The sole issue involved in the instant appeal was that the CIT(A) had not …
Rectification u/s 154 for difference of receipt with TDS certificates not permissible as the difference in receipts requires investigation and enquiry and not a case of obvious and patent mistake – ITAT ABCAUS Case Law Citation: ABCAUS 2389 (2018) 06 ITAT The instant appeal was preferred by the …
TDS credit on conflict of cash and accrual accounting. ITAT following High Court allowed proportionate TDS when TDS only was offered to tax The appellant assessee had filed the instant appeal contesting the order of the Commissioner of Income-Tax (Appeals) confirming inter alia the TDS credit restricted by …
Reimbursement of expenses not income though TDS was deducted on such payments u/s 194C or 194H as contract/commission payments -High Court Prelude: Under Section 194C of the Income Tax Act, 1961 every person making payment under contractual obligation for carrying out any work is required to deduct tax …
