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TDS Under S 194-H Income Tax Act Won t Apply To Business Transactions Where Assessee Is Not Responsible For Paying Income : Supreme Court

In a significant development, the Supreme Court recently held that under Section 194-H of the Income Tax Act, 1961, cellular mobile service providers are not liable to deduct tax at source on.

Court observationsContract actSupreme courtTax deduction at sourceCellular mobile service

Supreme Court To Hear Appeals Relating To TDS Liability Of Catholic Nuns & Missionaries After 3 Weeks

The Supreme Court on Tuesday listed for final hearing a batch of appeals filed by Catholic congregations challenging the judgments of Madras and Kerala High Court which held that Tax Deduction at.

Tamil naduManoj misraVineet kothariArvindp datarSupreme courtKerala high courtMadras high court judgmentIncome tax departmentChurch or dioceseMadras high courtChurch dioceseSupreme court onHigh courtDivision bench of madrasDivision bench of justices drTax deduction

How and how much TDS is deducted on fixed deposit interest Check details here

The interest earned from FDs is a taxable income and is subject to tax deductions. In the case of fixed deposits, whether it is with a bank, post office, or NBFC, TDS is deducted in accordance with the income tax regulations set by the government.

Fixed depositsTax deductedIncome tax actAverage income taxIncome tax payableTax deduction at sourceFixed deposit interestTax deductionsFinancial yearNvestment toolsIncome tax regulationsEction 194aIncome tax liabilityTax collectionJoint account holdersExemption limit

Income Tax calendar for December 2023; check all important deadlines that you should not miss this month

Taxpayers should be aware of upcoming income tax deadlines in December 2023. This comprehensive tax calendar outlines important dates for individuals and businesses to be mindful of.

Central governmentIncome tax calendar 2023Income tax calendar for december 2023Income tax calendarIncome taxIncome tax deadlinesDecember due datesIncome tax due datesTax calendar for december 2023Important deadlinesDecember deadlinesTax deduction at sourceIncome tax challanTds certificates

Who needs to file wealth statement?

The National Board of Revenue (NBR) is expected to place a new income tax bill in parliament today in an effort to modernise the direct tax system.

National board of revenueNational boardIncome tax ordinanceIncome tax actIncome tax billOdernise direct tax systemAndatory submissionEalth and liability statementsHealth reportsSset abroadTotal wealthTravel abroadReligious reasonsTax returnsRoof of return filingImmigration checkpoints

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