In the past several years, a number of big and small changes have been made in the Income Tax Act, 1961. The new income tax law, conversely, is likely to have them removed simply because it is a fresh piece of legislation written on a clean slate, says Dipesh Jain, partner, Economic Laws Practice in a telephonic interview with MintGenie. …
The Delhi Bench of the Income Tax Appellate Tribunal has held that TDS provisions are not applicable to commissions paid to banks.The two-member bench of Saktijit Dey and Dr B.R.R. The Delhi Bench of the Income Tax Appellate Tribunal has held that TDS provisions are not applicable to commissions paid to banks. Kumar has observed that commission paid to partners …
The Maharashtra Appellate Authority of Advance Ruling, consisting of members Asok Kumar Mehta and Rajiv Kumar Mital, has ruled that the renting of immovable property to the social justice department is exempt from GST and TDS. If the appellant is not registered under the GST and provides services to the Special Assistance Department, then whether the TDS notification issued under …
The government has postponed the implementation of provisions relating to TDS and TCS of the CGST / SGST Act 2017.The Finance Ministry has informed that “with the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the …