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The Kolkata Bench Income Tax Appellate Tribunal (ITAT) does not have ordered any TDS on payment of fees for technical services (FTS) to non-residents not having a Permanent Establishment (PE) in India. The two-member bench of Rajpal Yadav (Vice President) and Rajesh Kumar (Accountant Member saw that the payment incurred to the non-resident recipients who […]
![Delhi ITAT's Order for M/s Expeditors International [I] Pvt. Ltd.](https://blog.saginfotech.com/wp-content/uploads/2022/09/delhi-itat-order-for-ms-expeditors-international-150x150.jpg)
The Delhi Income Tax Appellate Tribunal (ITAT) ruled that the payments to agents of foreign shipping companies are exempt from TDS deduction. The two-member bench of Saktijit Dey (Judicial Member) and N.K.Billaiya (Accountant Member) sees that provisions of section 172 of the Income-tax act, 1961 would be applicable to the payments incurred to the agents […]
The Income-tax department has undertaken search operations at over 100 locations in various states such as Maharashtra, Delhi, Haryana, and Uttar Pradesh. They performed Income-tax surveys in different locations all over Delhi. As per the tax administrators, the held investigation was performed because of some alleged mismatches in funding these bodies. The searches were performed […]
The Central Board of Direct Taxes (CBDT) furnishes the policies applicable for the compounding of violations under the Income Tax Act, of 1961. Compounding of violations in the normal form does not count under the right. But the offences might be compounded via competent heads on the upon eligibility satisfaction conditions mentioned in the same […]
Latest Amendments Under Section 44AB Section 44AB of the Income Tax Act, 1961 was inserted which come into force from the date 1.4.1985 (AY 1985-86) and additional revisions were incurred over time. Currently, the section exists 44AB under the AY 2022-23. Latest Update An Audit of the Individual’s Accounts Relating Businesses or Professions According to […]
The Central Board of Direct Taxes dated 13 September furnished a circular for the elimination of the issues in Section 194R that obligated the responsibility to the individual for giving the advantages to the resident to deduct tax at source with 10%. Before that, the Finance Act 2022 inserted a new section 194R in the […]
The Income Tax Appellate Tribunal (ITAT), Varanasi bench, Vijay Pal Rao, Judicial Member, and Ramit Kochar, Accountant Member rule that charitable entities under Section 2(15) of Income Tax Act are eligible for exemption under Section of the Income Tax. The taxpayer, M/s. Varanasi Development Authority, furnish an income return on 30.09.2011, declaring a total income […]
The article describes the Process of Filing an Appeal before the Commissioner of Income Tax (Appeals), Orders that would be appealable by the taxpayer to the Commissioner of Income-tax (Appeals), Fees For Filing an Appeal Before CIT (Appeals), and Documents To Be Submitted for Appeal before Commissioner of Income-tax (Appeals). The taxpayer who is dissatisfied […]
The government, in the Finance Act, of 2022, made a new section 194R to the Income Tax Act, of 1961. It makes it compulsory for resident Indians to furnish a 10% tax on the advantages obtained through them. A resident Indian who received any advantage needs to pay the 10% tax at source on the […]
