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On this page, you will find all the articles and popular news which cover the information about the TDS (Tax Deducted at Source), which consists of notification given by the income tax department that where the tax needs to be deducted or which product attracts taxes.
The taxpayers expect a notification from the taxation council about the deduction rates or updates in TDS etc. thus we have all the TDS-related articles and news in one portal.
There are several articles that are kept in the library of the SAG infotech; this library will be favorable for the CA, taxpayer, and for company executives. All the articles were written by the tax professionals and CA so that no mistakes be there in the articles. The materials of news take from the income tax department.
What is the New TDS Section 194T? The Finance Bill, 2024, presents a significant change for partnership firms with the proposal to insert a new TDS section 194T of the Income Tax Act, 1961. The same move has the motive to bring payments made to partners, including salary, remuneration, commission, bonus, and interest, under the […]
At the time of the Budget presentation at 11 AM on 23rd July 2024, Union Finance Minister Nirmala Sitharaman asked to revise the S.271H of the Income Tax Act pertinent to the penalty for failure to provide the statements. Clause 81 of the bill asked to revise Sec.271H of the Act, sub-section (1) of the […]
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 […]
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 […]
It was ruled by the Calcutta High Court that cellular mobile service providers are not obliged to deduct the tax at source (TDS) on income received by distributors/franchisees from customers. The bench of Justice Surya Prakash Kesarwani and Justice Rajarshi Bharadwaj has relied on the Supreme Court’s decision in the case of Bharti Cellular Limited […]
No service tax is liable to get paid on TDS paid on behalf of a foreign service provider, The Chennai Bench of Custom, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled. TDS deposited to the Income Tax Department concerning the payment completed to the foreign service provider over and above the invoice value of the […]
The prosecution proceedings launched against the taxpayer for belatedly depositing tax deducted at source (TDS) have been quashed by the Andhra Pradesh High Court. The bench of Justice Venkata Jyothirmai Pratapa has marked that CIT overlooked the material placed by the taxpayer to show that there was a reasonable cause for their failure to remit […]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that payment made overseas for delivering a report on Tariff Change is not FTS and set aside the demand of Tax Deducted at Source ( TDS ) under section 195 of the Income Tax Act, 1961. While framing the assessment, AO […]
While discovering that the taxpayer has a valid reason to acknowledge the payments for ‘transactional charges’ to be not covered u/s 194J(1)(ba) of the Income Tax Act, the New Delhi ITAT ordered to deletion of the penalty order passed by the CIT(A) u/s 271C. Under Section 194J(1)(ba) of the Income Tax Act, any payment made […]