Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Income Tax Appellate Tribunal (ITAT) Delhi bench recently ruled that due to a tenant’s incorrect provision, the landlord was not responsible for TDS (tax deducted at source). Rajesh Kumar Gupta, the assessee, receives rent from V.M. Rubber Industries, his tenant. According to the copy of the computation of income, the assessee included a deduction […]
The taxpayer does not liable to exemplify the recipients of the receipts shown in Form No. 26AS, The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled. The two-member bench of Anubhav Sharma (Judicial Member) and N.K. Billaiya (Accountant Member) at the time of deleting the additions sees that the Assessing Officer must be needed […]
This article will aware of the TDS claim process if credit is not reflected in 26AS, AIS and TIS forms. There is Section 205 of the Income Tax Act of 1961 that gives you rights in certain situations. For example, if you are paying 60% tax on your income but your adequate tax liability is […]
The self-assessment presented was illegal, according to the Jharkhand High Court, which dismissed the writ suit. Jay Prakash Singhania, the writ petitioner, is an income tax department regular taxpayer. In order to declare unreported income in accordance with the mode and manner specified under Section 183 of the Income Tax Act, the Government of India […]
The Delhi High Court (HC) has ruled that the ruling made in accordance with section 148 of the Indian Constitution without taking the assessee’s response into account is invalid. Under Section 148A(d) of the Income Tax Act, 1961 [“the Act”] Ashok Kumar Garg, the applicant has ordered on 30.03.2022 passed and the resulting notice of […]
The Income Tax Appellate Tribunal (ITAT), Cuttack Bench, has ruled in an appeal that an income tax return submitted with an error and subsequent notification u/s.143(1) is invalid. ITAT made the mentioned observation when an appeal was filed before it through the taxpayer, as against the order of the CIT(A), National Faceless Appeal Centre (NFAC), […]
The new Forms 10B and 10BB that charity or religious trusts, institutions, universities, or other educational institutions must file in line with Sections 10(23C) and 12A of the Income Tax Act have been released by the Central Board of Direct Taxes (CBDT). Latest Update The income tax amendment (3rd Amendment) rules 2023 would have been […]
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that payments for bus hiring and wharfage costs are liable to Tax Deduction at Source under section 194C of the Income Tax Act of 1961. Section 194C of the Income Tax Act of 1961 concerns payments to contractors and subcontractors. Any individual who is liable […]
According to a recent decision by the Pune bench of the Income Tax Appellate Tribunal (ITAT), if the tax was not deposited, the advantage of tax deduction at source shall not be granted in the intimation under section 143(1) of the Income Tax Act of 1961. According to Section 143(1) of the Income Tax Act […]
