Madras High Court Directs Assessing Officer to Permit Transitional Credit of Purchase Tax Paid Under TNVAT Act for GST Act The Madras High Court has instructed the Assessing Officer to permit...
DSK Legal successfully represented a High Networth Individual before the Bombay High Court DSK Legal advised and represented a High Networth Individual (“Petitioner”) in criminal prosecution...
Government set to link TDS with TCS: Chief Economic Advisor The 20 percent levy on international credit card spending will come into effect from 1 July In a move that will help ensure the cash...
CBDT: TDS Shall not be Levied on Interest Below Rs. 40,000 Earned from Mahila Samman Certificate The Ministry of Finance by its Department of Revenue- Central Board of Direct Taxes (CBDT) has...
Karnataka High Court: Pay Roll Services by IBM-Philippines Are Not FTS; Not Liable for TDS under Section 195 of Income Tax Act The Karnataka High Court, by its division bench of Justices P.S. Dinesh...
Doctors and Social Media Influencers to pay 10% TDS on Freebies from July 1 The Union Budget 2022 introduced newer provisions to avoid tax leakage from the system. Central Board of Direct Taxes...
ITAT rules on provisions of TDS under the Income Tax Act It directs the authorities not to take any coercive action until the hearing of the appeal The Delhi bench of the Income Tax Appellate...
CBDT announces new Income Tax and TDS rules The circular explains all the provisions under varied segments for 2021-2022 The Central Board of Direct Taxes (CBDT) has released a circular...
Bombay High Court rules holding company not liable to TDS The petitioner had purchased shares of a Bermuda-related company The Bombay High Court has held that the holding company is not liable...
ITAT provides interim relief to Tata AIG General Insurance The Company had claimed there was no prerequisite for TDS, as it had entered into an arrangement with a co-insurer The Mumbai Bench of...
How is Tax Deducted At Source For An Income? A tax that is payable to the Government is deducted by the person who is making the payment, before transferring the money. The tax deducted at the...
Recovery of Government dues: Section 53 (1) (e) of IBC shall have overriding effect over Section 194 IA of the IT Act The National Company Law Appellate Tribunal (NCLAT) has held that in regard to...
