How can foreign deductees without PAN avoid higher TDS?
NRI’s and foreign companies need to furnish PAN details or else they have to pay higher TDS rates. However, they can avoid higher TDS in absence of PAN card, by… Read more »
Category: Income Tax
TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year
There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as follows: • When he changes… Read more »
FVU 6.1 & FVU 2.157 released by NSDL
The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities: FVU version 6.1 – For statement pertaining to FY 2010-11 onwards FVU version 2.157… Read more »
TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)
Bengal Tea & Fabrics Ltd. Vs Dy. CIT (ITAT Kolkata) ITAT held that when no business operations of commission agent were carried on in India, commission earned by them would… Read more »
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 »
Order of High Court of Gujarat – 24th September, 2018
High Court of Gujarat in case of Devarsh Pravinbhai Patel v/s Asst Commissioner Of Income Tax has held that TDS credit has to be provided by Income-tax authorities to the… Read more »