Section 194C of the Income Tax Act covers tax deductions on payments to contractors and subcontractors for work contracts.

The employees may raise any concerns regarding non-deduction of TDS to their employers in case no such TDS is deducted,” says Suresh Surana, Founder, RSM India, an audit, tax and consulting ...

Moreover, Section 201(1A) of the Income Tax Act makes it mandatory to pay an interest of 1.5% per month in case of non-deduction of TDS or late TDS payments from the date on which tax was deductible.

The Delhi ITAT held that the bandwidth charges remitted by the Appellant/ assessee (Bharti Airtel) to the non-resident ...

The Bangalore ITAT deleted the disallowance made by the AO u/s 40(a)(ia) on ground of non-deduction of tax at source on sales ...

ITAT Delhi held that bandwidth charges remitted by the assessee to foreign telecom service providers cannot be treated as royalty either under the applicable treaty provisions or u/s 9 (1) (vi) of the ...

For non-residents, TDS occurs at a flat 30% ... Form 16A Issued by the BankForm 16A serves as a certificate for the deduction of tax at source, furnished by the deductor to the deductee.

How do revised penalty and prosecution norms impact TDS deductors regarding their obligations and potential penalties for non ...

The Central Board of Direct Taxes ( CBDT ) has introduced a new form, Form 12BAA , aimed at helping salaried employees reduce ...

Tenants of NRI landlords must set aside TDS from rent and transfer the amount to the government every month. Non-compliance ...

The Union Budget 2024-25 introduced an amendment to section 192 of the Income Tax Act, which became effective on 15 October.

The tax demand was raised against HUL over non-deduction of TDS while making remittance payment for an acquisition from GSK Group entities. HUL now has 15 days to file a stay application before ...