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Search results for: pcit

Holiday Homes Taxable as Other Income

Proceeds from Holiday Home Taxable under Other Sources: ITAT

The Income Tax Appellate Tribunal (ITAT), Kolkata, has ruled that proceeds from a holiday home, owned by a co-operative credit society, will be taxable under Income from Other Sources head of the Income Tax Act 1961Get to know complete guide of TDS provisions under income tax act 1961 at here. Also, we include several topics […]

No TDS Applicability on Payment for Export Freights

No TDS Applicability on Payment for Export Freights to Shipping Agents

No Tax Deducted at Source (TDS) shall be charged from the shipping agents on export freights, says Gujarat High Courts. The respondent to the case, Summit India Water Treatment filed ITR for Assessment Year 2013-14. On this, the Principal Commissioner of tax issued a challenging order u/s 263 of Income Tax Act 1961, on the […]

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