Income Declaration Scheme declarations can evidence share-capital sources, while round-tripped funds and cash-linked credits require further verificat...
Permanent establishment tests: independent subsidiary premises and principal-to-principal dealings did not create Indian taxability for offshore suppl...
Valuation Officer estimates govern property-value additions once statutory valuation is invoked, requiring fresh consideration of objections and compa...
Waiver of written show-cause notice may prevent a later procedural challenge after participation in customs adjudication, preserving statutory appella...
Section 205 protects a salary recipient from direct tax recovery to the extent tax has already been deducted from salary, even where the corresponding TDS credit is not fully reflected in Form 26AS. Responsibility for depositing deducted tax and correctly reporting it lies with the employer-deductor, who may be treated as an assessee in default for non-compliance. Claimed TDS must be factually verified through supporting evidence and, where necessary, confirmation or records from the deductor. Pending rectification requests require examination after hearing the taxpayer, followed by rectification or amendment of outstanding demands where the TDS claim is established.
Section 205 protects a salary recipient from direct tax recovery to the extent tax has already been deducted from salary, even where the corresponding TDS credit is not fully reflected in Form 26AS. Responsibility for depositing deducted tax and correctly reporting it lies with the employer-deductor, who may be treated as an assessee in default for non-compliance. Claimed TDS must be factually verified through supporting evidence and, where necessary, confirmation or records from the deductor. Pending rectification requests require examination after hearing the taxpayer, followed by rectification or amendment of outstanding demands where the TDS claim is established.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
