The Delhi High Court has held that the subsequent or belated deposit of tax deducted at source (TDS) does not absolve an ...

The High Court held that criminal prosecution for delayed TDS payment cannot survive where sanction is granted mechanically without examining explanations and mitigating ...

The threshold limits under various TDS sections should be suitably revised. The threshold limits under various TDS sections should be suitably revised. Grant Thornton Bharat’s pre-budget memorandum ...

The Indian Income-tax Act, 1961 (the Act) contains expansive provisions relating to tax deduction at source (TDS). These provisions mandate the withholding of certain percent of the amount paid / ...

ITAT Mumbai ruled that Form 26AS is not conclusive when deduction of tax is otherwise established. Denial of TDS credit would amount to double taxation, which Section 205 expressly ...

Union Budget 2023 proposed several changes in Tax Deducted at Source (TDS) rules that will come into effect from the new financial year starting April 1, 2023. In its “Highlights of Finance Bill, 2023 ...

An employer issues this Form. It contains the evidence of TDS which is deducted from your salary and deposited with authorities. Issued annually on or before June 15 of every year, the Form contains ...

With the Finance Bill approving a number of noteworthy proposals from the Union Budget 2024, certain changes are all set to take effect starting from Tuesday, October 1 including the implementation of ...

A salaried professional, Abhishek, received a shock when he was hit with an income tax notice demanding a penalty of Rs 1,00,000 for failing to deduct Tax Deducted at Source (TDS) on his monthly rent ...

New TDS rule for non filers explained. TDS Payment Rules 2021: There is more penalty in store for non-filers in the new Financial Year starting from April 1 ( Thursday). The Finance Act 2021 recently ...