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Department has no authority to withhold credit of TDS deductions- this SC decision unfolds the crucial connect between TDS compliance and penalty
At source amount of deduction of tax has a purpose to release it to the account of deductee immediately upon…
......Read Moreshortfall or wrong TDS
In the context of disallowance scheme u/s 40(a) (ia) the Tribunal in (2022] 97 ITR (Trib) 714 (ITAT[Chen]) held that once…
......Read Morerule 28AA is a bible to lower rate applications
The Delhi High Court ruling in (2022) 443ITR441 emphasised the importance of rule 28AA and denounced action of the AO…
......Read MoreDiscount vs rent
The Gujarat High Court in [2022] 19 ITR-OL 438 (Guj) came to the rescue of the taxpayer when the revenue…
......Read MoreUnlawful deduction of tax
The High Court in (2022] 19 ITR-OL 128 (Bom) held that requirement to deduct tax on interest is only qua…
......Read MoreShort TDS deduction leading to disallowance
The Hyderabad bench of ITAT in [2022] 26 ITR (Trib)-OL 88 held that section 40(a)(ia) is applicable only in those…
......Read MoreHow to make judgement of section applicable for TDS
In the context of payment to retainer/consultants employed by the hospital to work from7.30 a.m. to 5.30 p.m. every day…
......Read MoreSeparate bills for reimbursement- No TDS Requirement
Bombay High Court in 428ITR398 held that unless the amount paid has any income element in it there shall arise…
......Read MoreTDS Defaults
The Jodhpur Bench of the ITAT in 109TAX284 (mag.) discharged the assessee from levy of penalty u/s 221 for failure…
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