Taxcharcha
Income TaxLatest

CBDT revised the monetary limit for filing of appeals by the Income Tax Department before ITAT, High Court and Supreme court for reducing litigation vide Circular no. 3/2018

by Team Taxcharcha01269

Related posts

SECTION 194P – Deduction of Tax in case of certain Senior Citizens

Team Taxcharcha

In terms of section 194A(1), The time of deduction of tax u/s 194A(1) is undisputedly time at which interest is to be credited to account of payee or when it is paid in cash/cheque or draft therefore, deduction of tax at source on interest income before close of financial year concerned as provided under section 194A(4) would not obligate assessee bank from penalty for not deducting tax at source at time of credit of said income in payee’s account – HC Allahabad

Team Taxcharcha

Notification No. 6/2022 – Central Tax (Rate) – Seeks to amend notification No. 1/2017- Central Tax (Rate)

Team Taxcharcha