14 October 2019


Search Results for Tag : TDS

Judgments

MACT award not classifiable as “income”(02.06.2016)

Compensation awarded by the Motor Accident Claims Tribunal, and interest accruing therefrom, are not subject to TDS (tax-deducted-at-source) and the s.....

Tags : mact, compensation, interest, tds, welfare

read»



Motor Vehicles Act is social welfare legislation and if there is conflict between social welfare legislation and tax legislation, social welfare legislation will prevail(15.11.2016)

Petitioner-New India Assurance Company Limited filed instant petition challenging order passed by learned member of Maharashtra Accident Claims Tribu.....

Tags : TDS, Deductions, Limit

read»



Notifications & Circulars

CBDT extends due date for filing of TDS statement in Form 24Q(04.06.2019)

The Central Board of Direct Taxes (CBDT) had earlier notified amended Form 24Q for filing TDS statement by deductors of tax vide Notification No. 36/2.....

Tags : TDS statement, Filing of, Extension

read»



Broadcasters to not pay TDS on acquiring broadcasting rights(29.02.2016)

The Central Board of Direct Taxes clarified that broadcasters acquiring only telecasting or broadcasting rights do not partake in a contract for 'carr.....

Tags : tds, broadcast, acquisition, production

read»



No Revenue appeals against interest on refund of excess TDS(26.04.2016)

The Central Board of Direct Taxes issued a notification stating that no appeals are to be filed against interest be claimed by a tax deduct on refund .....

Tags : litigation reduction, tds, refund, interest

read»



Postponement of provision relating to TDS (Section 51) and TCS (Section 52) of the CGST / SGST Act 2017(26.06.2017)

With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provision.....

Tags : Postponement, Provision, TDS

read»



Applicability of TDS provisions of Section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease(13.10.2016)

Section 194-I of the Income-tax Act, 1961 (the Act) requires that tax be deducted at source at the prescribed rates from payment of any income by way .....

Tags : TDS, Applicability, Lease premium

read»



News

Criminal Proceedings for Late Deposit of TDS Can’t be Challenged Through Writ Petition: Delhi HC(09.04.2018)

Delhi High Court has held that criminal proceedings initiated for late deposit of TDS cannot be challenged through a writ petition when it’s under the.....

Tags : Delhi High Court, TDS

read»



Punjab & Haryana HC: No TDS on Interest Paid for Delayed Payment of Compensation(10.04.2018)

Punjab & Haryana High Court has held that the interest paid on account of delayed payment of compensation cannot be subjected to TDS.

Tags : Punjab & Haryana High Court, TDS

read»



No TDS If Advance Received towards Professional Fee is Returned: ITAT(14.06.2018)

Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that the advance received by assessee towards his professional fee, when it is return.....

Tags : ITAT, TDS

read»



Bank Not Liable to Deduct TDS from Interest Paid to Noida Authority: ITAT, Delhi(20.06.2018)

Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Axis bank is not liable to deduct TDS from the interest paid or credited to Noida Au.....

Tags : Income Tax, TDS

read»



Late Fee Can’t be Levied While Processing TDS Statement: ITAT, Cuttack(31.08.2018)

Income Tax Appellate Tribunal (ITAT), Cuttack has held that the late fee under Section 234E of the Income Tax Act cannot be levied while processing th.....

Tags : Income Tax, TDS

read»



TDS Can’t be Recovered from Employee in Case of Default by Employer: Gujarat HC(04.10.2018)

Gujarat High Court has held that the tax department cannot recover tax from the deductee/employer for the fault of the deductor/employer to remit the .....

Tags : Madras High Court, TDS

read»



Supreme Court Admits Trai Plea Against TDSAT Predatory Pricing Order(22.01.2019)

Supreme Court has agreed to hear Telecom Regulatory Authority of India's (TRAI) plea challenging Telecom Disputes Settlement and Appellate Tribunal’s .....

Tags : Supreme Court, TDSAT Predatory Pricing Order

read»



#Budget2019: Government Raises TDS Threshold on Interest on Deposits(01.02.2019)

Union Finance Minister Piyush Goyal has announced increase in TDS threshold on interest on post office and bank deposits from Rs. 10,000/- to Rs. 40,0.....

Tags : #Budget2019, Budget 2019, Government Raises TDS Threshold on Interest on Deposits

read»



CIVIL - Liability of Past Dues Rests Only with RCom and Not with Reliance Jio: TDSAT(27.02.2019)

Telecom Dispute Settlement Appellate Tribunal (TDSAT) has said that liability of past dues related to Spectrum Usage Charges (SUC) rested only with Re.....

Tags : Telecom Dispute Settlement Appellate Tribunal (TDSAT), RCom

read»



CIVIL - Liability of Past Dues Rests Only with RCom and Not with Reliance Jio: TDSAT(27.02.2019)

Telecom Dispute Settlement Appellate Tribunal (TDSAT) has said that liability of past dues related to Spectrum Usage Charges (SUC) rested only with Re.....

Tags : Telecom Dispute Settlement Appellate Tribunal (TDSAT), RCom

read»



TDSAT Directs DoT to Reconsider RCom's Plea Seeking Nod for Sale to Jio(27.02.2019)

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) directed the Department of Telecommunications (DoT) to reconsider Reliance Communications (.....

Tags : TDSAT, RCom's Plea Seeking Nod for Sale to Jio

read»



CIVIL - TDSAT Directs DoT to Reconsider RCom's Plea Seeking Nod for Sale to Jio(27.02.2019)

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) directed the Department of Telecommunications (DoT) to reconsider Reliance Communications (.....

Tags : TDSAT, RCom's Plea Seeking Nod for Sale to Jio

read»



No TDS for Staff Deputed in Foreign Companies: Bombay HC(18.04.2019)

Bombay High Court has held that there is no requirement for tax deducted at source (TDS) under Section 195 of Income Tax Act for an employee deputed t.....

Tags : Bombay High Court, No TDS, Staff on Deputation

read»



ITAT: TDS Not Applicable on Sale of Property if Consideration of Co-owners Does Not Exceed Rs. 50L(16.05.2019)

ITAT Jodhpur has held that the provisions of TDS would not be applicable on the sale of property if the sale consideration do not exceed Rs. 50 lakhs.

Tags : ITAT, TDS

read»



ITAT: Salary Paid to Employees of University Not Subject to TDS(23.05.2019)

ITAT Cochin has ruled that the salary paid to the employees of the Concerned University would not be subject to Tax Deduction at Source ( TDS ) as the.....

Tags : ITAT, TDS

read»



ITAT: Lorry Booking Agent not Liable to Deduct TDS(03.06.2019)

ITAT Delhi has held that a person who is merely a lorry booking agent is not bound to deduct TDS under Section 194C of the Income Tax Act, 1961.

Tags : ITAT, TDS

read»



Clarification on TDS on Interest on Fixed Deposit, Under Section 194A of Income Tax Act, 1961(29.12.2015)

IT Department has clarified that Interest on FDRs made in name of Registrar General of Court or depositor of fund on directions of Court, will not be.....

Tags : IT Department, TDS

read»



Central Board of Direct Taxes: IT Department to Pay Interest on TDS Refund(27.04.2016)

Central Board of Direct Taxes has issued directive and said that Income Tax department will now add interest amount to a delayed refund made on excess.....

Tags : Central Board of Direct Taxes , TDS Refund

read»



Madras High Court: Accident Compensation Cannot be Subjected to TDS(06.06.2016)

Madras High Court has said that compensation awarded by the Motor Accident Claims Tribunal or the interest accruing therein cannot be subjected to TDS.....

Tags : Madras High Court, Accident, TDS

read»



CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)

Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....

Tags : Central Board of Direct Taxes , TDS, Payment System Companies

read»



CBDT Eases Rules for TDS Claims by Non-Resident Companies(29.06.2016)

Central Board of Direct Taxes (CBDT) has come out with Rule 37BC, which gives relaxation to Non-Residents from furnishing PAN number in India while cl.....

Tags : Central Board of Direct Taxes, Rule 37BC, TDS Claims

read»



AAR West Bengal: TDS Notification Not Applicable to Exempt Supplies(13.06.2019)

Authority for Advance Rulings (AAR), West Bengal has noted that the Notification on TDS is applicable on exempt supplies. AAR held that when the activ.....

Tags : AAR West Bengal, TDS Notification

read»



Bombay High Court: TDS Not Applicable to Payment Made for Reimbursement of Costs(14.06.2019)

Bombay High Court has noted that the provisions of TDS would not be applicable to payments made for the reimbursement of costs. The Lower Tribunal had.....

Tags : Bombay High Court, TDS

read»



ITAT Kolkata: Delay in Filing TDS Due to Sudden Resignation of Accountant Will be Condoned(25.06.2019)

Income Tax Appellate Tribunal (ITAT), Kolkata bench has observed that the delay in filing of Tax Deduction at Source (TDS) return due to the sudden re.....

Tags : ITAT Kolkata, TDS

read»



Supreme Court Dismisses DoT Plea Against TDSAT Order on RCom's Past Liabilities(03.07.2019)

Supreme Court has dismissed the Department of Telecommunications' (DoT) plea against an order of the Telecom Dispute Settlement Appellate Tribunal (TD.....

Tags : Supreme Court, TDSAT

read»



Union Budget, 2019 - Levy of TDS(05.07.2019)

Union Finance Minister Nirmala Sitharaman has informed that TDS will be levied on over Rs 1 crore bank withdrawal meant to discourage cash transaction.....

Tags : Union Budget 2019, TDS

read»



Prosecution Norms Relaxed for TDS, I-T Return Filing Defaults(12.09.2019)

Central Board of Direct Taxes has relaxed some norms relating to prosecution of income tax defaulters for delay in depositing TDS (tax deducted at sou.....

Tags : Prosecution, TDS

read»



CBDT: No TDS or Advance Tax Credit For Disclosure Made Under PMGKY(19.01.2017)

Central Board of Direct Taxes (CBDT) has clarified that no credit will be allowed against advance tax paid or Tax Deducted at Source (TDS) or Tax Coll.....

Tags : Central Board of Direct Taxes, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme, TDS, TCS

read»



CBDT Issues Revised List of Entities Exempted from TDS(30.05.2017)

Central Board of Direct Taxes (CBDT) has issued revised list of entities which are exempted from payment of TDS that includes inter alia local authori.....

Tags : CBDT, TDS

read»



ITAT, Jaipur: No Penalty if Assessee Failed to File E-TDS within Time Due to Non-availability of PAN(02.06.2017)

ITAT, Jaipur has held that penalty cannot be levied under Income Tax Act if assessee failed to file E-TDS return within stipulated time frame due to n.....

Tags : ITAT, Jaipur, E-TDS

read»



CBDT: PAN Mandatory for Refund of TDS on Immovable Property(07.06.2017)

Central Board of Direct Taxes (CBDT) has notified amendment in income Tax Rules making it mandatory to furnish PAN details in Form 26B instead of TAN.....

Tags : Central Board of Direct Taxes, TDS

read»



ITAT Mumbai Allows Claim of TDS Credited on Unrealized Income(14.06.2017)

ITAT, Mumbai has allowed assesses claim towards TDS credited on unrealized income.

Tags : ITAT, Mumbai, TDS

read»



ITAT Delhi Says 'No' to Interest for Late Payment of TDS due to Connectivity issues at Bankers' End(21.06.2017)

ITAT, Delhi has held that assessee cannot be treated as Assessee-in-Default for Late payment of TDS due to system and connectivity issues at the banke.....

Tags : ITAT, Delhi, TDS

read»