Category Archives: Income Tax Circular

TDS should be deducted u/s 195 on transponder fees paid to non-resident

Viacom 18 Media Pvt. Ltd. Vs Asst. Director of Income Tax (ITAT Mumbai) Viacom 18 Media Pvt. Ltd. (Assessee) has leased transponder on satellites owned by Measat, Malaysia and rentals… Read more »

Where would deduction u/s 80CCD(1B) appear in Form 16 Part B ?

With effect from FY:2015-16, for investment in NPS, taxpayers can avail additional exemption of up to Rs. 50,000 as per Section 80CCD(1B)  while computing the taxable income. This deduction is… Read more »

FVU 5.5 & FVU 2.151 released by NSDL

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The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY 2010-11 onwards FVU version 2.151… Read more »