The appeal was filed by the Revenue in order to challenge the Income Tax Appellate Tribunal’s (“the Tribunal” for short) judgment. The questions presented for... Read More
Diksha Garg
Changes in the TDS provision via the Finance bill,2019 passed by the Lok Sabha and Interim Budget, 2019
Sec 194M (new section): TDS on payment surpassing Rs 50 lakhs to either a Contractor or a Professional by Individual/HUF (This is applicable w.e.f. 01/09/2019)... Read More
Sec 194M (new section): TDS on payment surpassing Rs 50 lakhs to either a Contractor or a Professional by Individual/HUF (This is applicable w.e.f. 01/09/2019)... Read More
Non-Resident Indians – Which Income/Assets are Taxed?
The main question that arises for any non-resident Indian is that which income is liable to tax, which assets need to be declared, etc. It... Read More
Life Insurance Policy Payouts – Are they Taxable or Not?
The basic idea about life insurance policies is that they are tax-free. But this might be subject to conditions and/or exceptions. In order to utilize... Read More
Declaration of Income Tax Returns: Does an NRI have to declare their foreign bank account information?
When it comes to disclosure of overseas accounts of NRI’s, there is a lot of confusion and chaos pertaining to the disclosure of the overseas... Read More
Section 195 – TDS for Non-Resident Indians
3 min read
Section 195 of the Income Tax Act, 1961, is all about the Tax Deducted at Source (TDS) for Non-Resident Indians. This section basically highlights the... Read More
There is always some confusion when it comes to an NRI and income which is taxable in India. Mentioned below are a few basics on... Read More
Benami Transactions Informants Reward Scheme
5 min read
Under the Scheme, an informant can be provided interim and the final reward only the competent authority. The interim reward will be granted if the informant has provided the specific information pertaining to the Benami property in the format prescribed in Annexure-A and has received an Informant code as well. ... Read More
A Defect in The Notice – Does it invalidate the Penalty Proceedings?
The Income Tax Appellate Tribunal’s (ITAT) Jaipur bench has held that the complete proceeding against the assessee would be nullified in case of a defect... Read More
What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return 
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Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified