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 ...

Taxpayers should use all available deductions and exemptions to reduce their tax liability ... 50% of your basic salary (if you live in a metro city) or 40% (for non-metro cities). Actual rent paid ...

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

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 ...

Starting from the next financial year, employees with income from sources other than salaries will need to submit a new Form ...

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

Employees have to use Form 12BAA to report to employers any deductions from sources of income other than their salaries ...

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

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

The new form will allow employees to offset Tax Deducted at Source (TDS) and TCS collected from non-salary sources against ...

Through the Form 12BAA, the employees are required to use the newly introduced Form 12BAA to inform their employers about the ...

The Delhi ITAT ruled that TDS u/s 194-I has no application on the franchise fee, if the franchisee/collaborator does not ...