RAVINDER DUDEJA, J.

1. The instant appeal, at the instance of the Revenue, impugns order dated 28.05.2018 passed by the Income Tax Appellate Tribunal ["ITAT"], whereby, the ITAT ruled in favour of the respondent/Assessee and dismissed the appeal preferred against the order passed by Commissioner of Income Tax (Appeals) ["CITA"]. The appeal has been admitted on the following substantial questions of law:-

"A. Did the Income Tax Appellate Tribunal ["ITAT"] fall into error in holding that the entity assessed was no longer in existence having regard to the circumstance that M/s. Infovision Information Services Pvt. Ltd. merely underwent a name change and had responded to the Revenue's notices, having regard to Section 292B of the Income Tax Act, 1961 ["Act"]?

Person staying outside india (NON RESIDENT) collect export order for Indian company... now company is paying commission to him .... is it subject to tds???

Hello all,
i need tds on salary calculator for FY 24-25 which will compare old and new regime.

Installing a reverse osmosis (RO) system for a homeowner is not a once and done event. Just like any other kind of water treatment technology, RO systems require regular maintenance.

The complaint alleges TDS required Network Specialists to work overtime in order to complete all their work but failed to pay overtime pay for the overtime hours worked.

Quentin Hayes ran for 91 yards and two second-half touchdowns on 25 carries.

The epidemic of sexually transmitted infections (STIs) in the United States appears to be cooling off after more than two decades, a new Centers for Disease Control and Prevention (CDC) study says.

Title: STDs in Men
Category: Diseases and Conditions
Created: 4/4/2000 12:00:00 AM
Last Editorial Review: 7/8/2022 12:00:00 AM

Title: Yeast infections vs. STDs in Men and Women
Category: Diseases and Conditions
Created: 1/8/2020 12:00:00 AM
Last Editorial Review: 7/29/2022 12:00:00 AM

If we talk about the frequency, the TDS return may be revised multiple times, which allows taxpayers to make corrections as and when needed. However, it is advisable to avoid excessive revisions to prevent complexities in record-keeping.

My client purchased a property from an NRI and we have deducted 20% Plus Cess and Surcharge. Later the TDS processed with defaults and intimated that the applicable rate is 30%. They have raised demand for short deduction.1.What is the actual rate of TDS when we are buying

Dear Friends,While generating the Justification report by using the latest utility version available in the TDS CPC portal ( Utility version 3.1) i'm getting the following error :"JR-Err971:Subscriptt out of range. Please report to TDSCPC with this descripttion."After t

We filed Form 27Q for TDS on a foreign company who doesn't have a PAN in India. Hence we wrote PANNOTAVBL. Deduction was made as per rate in DTAA. Hence higher rate was not required. Now we have received a notice saying that there is an error in the return as PAN number is not mentioned for 1 ded

What steps should be taken if bank deducted TDS at a higher rate and a PAN was obtained afterward?

Hi
I want to cancel my TAN number which is no more use
please share the process is it online or offline process?

I had bought a Pre-const house for 55lac and paid Stamp duty on 55lac during registration.
I made 54,00,00 payments in installments and now making the last installment of 1 lac

On the 26QB form

Total Value of Consideration (Property Value) -₹55,00,000
Payment type*-Installment
Whether it is last installment ?*-Yes
Whether stamp duty value is higher than sale consideration ?* - Dont know what to choose
Total amount paid/ credited in previous installments, if any (A) * ₹54,00,000
Amount paid/credited currently (B) *-₹1,00,000
Total stamp duty value of the property (C) *₹55,00,000

Now under
Tax Deposit Details, I am getting
Amount on which TDS to be deducted (D)*₹55,00,000, which looks wrong.

Should this not be the amount currently paid ₹1,00,000. What am I doing wrong?

Note*I was suggested in the forum to enter ₹1,00,000 in box (C), but it still calculates the total amount of ₹55,00,000 in (D)

Hi,
This question is w.r.t Final payment of TDS for property sale.
This is for 2 buyer and 1 seller.
Below is about 80% share of 1 seller.

Total Value of Consideration (Property Value) - 81,04,500 INR

Total amount paid/ credited in previous installments, if any (A) - 61,59,420 INR
Amount paid/credited currently (B) - 3,24,180 INR
Total stamp duty value of the property (C) - 64,83,600

Amount on which TDS to be deducted (D) is directly getting calculated at - 64,83,600 INR.

Ideally, since it is last installment, amount on which TDS to be deducted needs to be visible as 3,24,180 INR. However, it is showing 64,83,600.

Kindly help and update what needs to be filled in A, B & C so that I pay TDS of 1% on 3,24,180 INR only.

Rates of sexually transmitted diseases (STDs) are found to be alarming in the U.S. as per the i Sexually Transmitted Disease Surveillance Report /i

Hard to Treat Diseases (HTDS) Melem Secret Launches New Line of Nutriceuticals

YASHWANT VARMA, J.

1. The Commissioner of Income Tax (TDS) impugns the judgment rendered by the Income Tax Appellate Tribunal1 on 10 April 2017 Tribunal and which has principally held that the capital grant subsidy given by the respondent-assessee to its Concessionaires would not be subject to a withholding tax as contemplated under Section 194C of the Income Tax Act, 19612.

2. We had upon hearing learned counsels for respective sides on 19 March 2024 admitted the appeal on the solitary issue of deduction of tax at source. The said order is reproduced hereinbelow:-

YASHWANT VARMA, J.

1. The Commissioner of Income Tax (TDS) impugns the judgment rendered by the Income Tax Appellate Tribunal1 on 10 April 2017 Tribunal and which has principally held that the capital grant subsidy given by the respondent-assessee to its Concessionaires would not be subject to a withholding tax as contemplated under Section 194C of the Income Tax Act, 19612.

2. We had upon hearing learned counsels for respective sides on 19 March 2024 admitted the appeal on the solitary issue of deduction of tax at source. The said order is reproduced hereinbelow:-

sir required help received statement from the bank for my FD's investments in the SBI bank, regarding Interest paid and TDS deducted , But unable to understand how to pass entries in the books of accounts,,------------------------------------------------------------

My firm takes IT projects from an online Service based Marketplace www.guru.com; where Websoft Inc (doing business as Guru.com) is an entity from Pittsburgh, USA and they charge a certain percentage (%) of the total project value as a "Project Fee" and also take a monthly fee as "Subscripttion F

Dear All,TDS Deducted Sec 194 - N , F.Y 2.019-2020 . Can we Claim refund Please clarify

Does TDS Return late fee applicable for NIL Returns also where there is no liability ?

TDS vs EC meter – Which one to buy? If you are a beginner in Hydroponics, it is certain, at some point, you would have had this question in your mind. Should I buy an EC meter or a TDS meter? While the users are split on which one is better, it is good to […]

The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.

You may avoid double taxation on your income by claiming tax relief if India has signed the Double Taxation Avoidance Treaty (DTAA) with the country of your residence.

AN NRI WANTS TO SELL HIS PROPERTY IN INDIA. UNDER I. TAX PROVISIONS THE BUYER IS SUPPOSED TO DEDUCT TDS @ 20% . WHETHER A LOWER RATE IS THERE UNDER THE data BETWEEN UAE AND INDIA?

IN MY PREVIOUS QUERY THE WORD SHOULD BE DTAA AND NOT DATA.. THANKS.

Simmering trade disputes are decreasing the beneficial effects of free trade and could in the long-term damage the rules-based order upon which global commerce is based.

Title: How Common Are STDs? Most People Have No Clue
Category: Health News
Created: 2/25/2020 12:00:00 AM
Last Editorial Review: 2/25/2020 12:00:00 AM

How to file income tax return in case of tds deducted under section 194 N

Hi,

If we paid excess TDS to Income Tax Department under section 194C and 194I in the month of April 2020 and that excess TDS can adjust in next month May 2020.

Thanking You
Kumar

Hi All,

If X is a service vendor Invoice date is 1st January 2020 and due to some issue we have not paid them payment, and paid 5th May 2020 and deducted TDS Rs.5000/- shall we pay interest on TDS, because Invoice date is 1st January 2020.

Thanking you
Kumar

Dear Sir
I want ask about tds on sale of property we have deposited tds on sale of property in march, 2020 but regisrty has not been done in march, 2020 due to covid-19 and therefore we can take refund of tds deposited or adjusted such tds as self assessment tax at the time of filling ITR.

I want ask about tds on sale of property we have deposited tds on sale of property in march, 2020 but regisrty of house has not been done in march, 2020 due to covid-19. In the above situation tds can be refunded to buyer after any rectification.

I have lost the token number of the previous TDS return?
How to get the same as same needs to be entered in current TDS return?

Pelvic examination in adolescent girls does not help the physician's to diagnose certain sexually transmitted diseases (STDs). In fact it narrows

Shaving or waxing pubic hair may not raise the risk of sexually transmitted diseases (STDs), stated new study. Previous research and many media reports

Starting 1 April 2020, dividend income earned on shares of an Indian company or from a mutual fund scheme is taxable in the hands of the receiver based on the tax rate applicable to their total income. The dividend earned will

Online Resource

The circular also addresses the confusion that there cannot be a change in option by the employee during the year, coming as a relief for employers

Employees will have to inform their employers about their intention to opt for the new optional tax regime to enable the latter to deduct TDS while paying salaries, says CBDT