TDS credit to be given in the year of Assessment of Income even if reported by Deductor in Next year : ITAT IN THE ITAT PUNE BENCH ‘C’ Anup Rajendra Tapadia v. Deputy Commissioner of Income-tax S.S. GODARA, JUDICIAL MEMBER AND G.D. PADMAHSHALI, ACCOUNTANT MEMBER IT APPEAL NO. 529 (PUNE) OF 2022 [ASSESSMENT YEAR 2020-21] JANUARY… Read More »
Held The assessee is undoubtedly an owner of the property but he is not an absolute owner. His ownership is restricted to a certain percentage of the right in the property. The assessee has collected the rent payable with respect to the property in its entirety and thereafter has passed on the rent including the… Read More »
SECTION 199 OF THE INCOME-TAX ACT, 1961 – DEDUCTION OF TAX AT SOURCE – CREDIT FOR TAX DEDUCTED – NON-DEPOSIT OF TAX DEDUCTED AT SOURCE INSTRUCTION NO.275/29/2014-IT-(B), DATED 1-6-2015 Grievances have been received by the Board from many taxpayers that in their cases the deductor has deducted tax at source from payments made to them… Read More »