TDS

  • Income Tax

FAQ on TCS rates under LRS using International Credit Card for foreign trip expenses

FAQ on applicable TCS rates subsequent to Spending on International Credit Card on foreign trip expenses brought under FEMA Rules…

12 months ago
  • Income Tax

Mere non furnishing transporters declaration u/s 194C(7) do not attract disallowance u/s 40(a)(ia)

No furnishing transporters declaration u/s 194C(7) does not mean non compliance of section 194C(6) leading to disallowance u/s 40(a)(ia) -…

12 months ago
  • Income Tax

No Penalty leviable u/s 271C on mere delay in remittance of TDS after deduction – Supreme Court

No Penalty leviable u/s 271C on mere delay in remittance/deposit of the TDS after deduction subject to provisions of Section…

1 year ago
  • Income Tax

Data pertaining to FY 2019-20 is being processed under e-Verification Scheme 2021

CBDT has notified e-Verification Scheme, 2021 on 13th December 2021. Presently data pertaining to FY 2019-20 is under verification. CBDT has…

1 year ago
  • Income Tax

Airlines to deduct TDS u/s 194H on supplementary commission of travel agents – SC 

Airlines required to deduct tax at source (TDS) u/s 194H on supplementary commission of travel agents - Supreme Court ABCAUS…

1 year ago
  • Income Tax

CBDT extends due date of filing of TDS return Form 26Q for 2nd second quarter of 2022-23

  CBDT extends due date of filing of TDS return Form 26Q for the second quarter of financial year 2022-23…

1 year ago
  • Income Tax

CBDT issues Guidelines / FAQs on TDS u/s 194S applicable from 1st July 2022

  CBDT issues Guidelines / FAQs on TDS u/s 194S on transfer of a virtual digital asset (VDA) applicable from…

2 years ago
  • Income Tax

CBDT guidelines / FAQs on TDS u/s 194R for providing any benefit or perquisite to a resident  

CBDT guidelines / FAQs on TDS u/s 194R for providing any benefit or perquisite to a resident  CBDT has issued…

2 years ago
  • Income Tax

TDS not applicable on payment of bank guarantee commission as there is no element of agency

TDS not applicable on payment of bank guarantee commission to bank listed in second schedule to RBI Act as there…

2 years ago
  • Income Tax

Prosecution for late deposit of TDS. For non-deposit, necessary consequences shall follow -SC

Prosecution for late deposit of TDS after 11 months. Once   there   was a non-deposit, necessary consequences shall follow including prosecution-…

2 years ago