Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Section 276B of the Income Tax Act is being amended to provide exemption from prosecution for failure to pay tax deducted at source (TDS) if the payment is made by the due date for filing the TDS statement for that quarter. Currently, non-payment of TDS attracts rigorous imprisonment of 3 months to 7 years and fine. The amendment decriminalizes the offence if TDS is paid by the statement filing due date. The amendment takes effect from October 1, 2024.
Section 276B of the Income Tax Act is being amended to provide exemption from prosecution for failure to pay tax deducted at source (TDS) if the payment is made by the due date for filing the TDS statement for that quarter. Currently, non-payment of TDS attracts rigorous imprisonment of 3 months to 7 years and fine. The amendment decriminalizes the offence if TDS is paid by the statement filing due date. The amendment takes effect from October 1, 2024.
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