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When the taxpayer’s company has used the company’s services outside India and payment has been made outside India, the taxpayer company shall not be obligated to deduct tax at source u/s 195, New Delhi ITAT ruled. Under Section 195 of the Income Tax Act, TDS should be deducted at the time of credit or payment […]
If an order is passed under section 148A(d) of the Income Tax Act in the lack of an appropriate sanction as per the provisions of Section 151 of the Income Tax Act, the order and the resulting notice u/s 148 shall need to be declared illegal, the Bombay High court ruled. The bench of Justice […]
At present the income tax portal is undergoing issues related to payment which prevents the assesses, CAs, and tax filers from finishing their transactions. Filers are prompted with error messages when trying to make any payments. ICAI has addressed the problems of the CBDT. Representations have been sent by the ICAI before the finance ministry […]
The Supreme Court is ready to investigate the problem of the applicability of the provisions of tax deduction at source (TDS) on the allowances furnished before judicial officers under the Second National Judicial Pay Commission (SNJPC). The same issue has been analyzed via the Court in the All India Judges Association case in which it […]
The Income Tax refund was rejected without providing a chance to hear the Karnataka High Court ruled that. The Court held that the authority is required to consider the time available u/s 163(6) of the Income Tax Act,1961. The taxpayer Healthcare Global Enterprises Limited, contested the validity of the impugned Assessment Order computation sheet, and […]
The decision of the Single Bench has been carried out by the bench of Justice A.K. Jayasankaran Nambiar and Justice Syam Kumar V.M. where it was ruled that the applicant had downloaded the assessment order from the identical portal, and hence the delay occasioned in retrieving the assessment order from the portal was a predicament […]
A Bengaluru-based chartered accountant (CA) in between the rush to file the ITR before July 31 has a funny take on Infosys founder Narayana Murthy’s famous suggestion, encouraging young professionals to work 70 hours a week to build the country. While angering on X Basu (@Basappamv) mentioned that even after working for more than 70 […]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has said that the provision of Section 254(2) of the Income Tax Act, 1961 could not be utilized for a recall and analysis order by the tribunal. It is believed that the aforesaid provision has the objective to rectify the mistake seen from the […]
The Kolkata ITAT Referring to the decision in the case of Anudip Foundation for Social Welfare vs. CIT(Exemption), Kolkata – ITA No. 1341/Kol/2023, ruled that the taxpayer will not be denied the advantage of the Sec 80G because of the technical errors emerged in making application as of the confusion and misunderstanding on in properly […]