The Indian tax system has undergone several transformations over the years, with the introduction of new sections and provisions to keep pace with evolving economic […]
TDS
Supreme Court Rules Against Section 271C Penalty for Delayed or Missed TDS Payments
In the intricate and labyrinthine world of taxation in India, adherence to tax deduction at source (TDS) provisions forms a fundamental pillar for both corporate […]
Navigating TDS Deduction under Section 194Q: How to Calculate It Accurately
In the intricate web of India’s tax structure, the provisions laid out under Section 194Q of the Income Tax Act hold considerable importance, especially for […]
SC Ruling: No TDS Under Section 194H for Franchisee Earnings from Prepaid Coupons and Starter Kits
Section 194H of the Income Tax Act, 1961, is an essential provision in India’s tax regime that mandates the deduction of tax at source (TDS) […]
ITAT Ruling: Clarifying TDS Exemption on Interest Retained by NBFCs in Direct Assignment Loan Deals
The world of financial transactions, particularly those involving loans and their subsequent transfer across financial entities, is increasingly becoming intricate. In India, this complexity has […]