Judgement

The ITAT upheld the decision of the ld. CIT(A) and confirmed that the assessee is liable to deduct TDS on the interest payment made to RBS Coutts Bank Ltd, Singapore.

DTAA with Switzerland Does Not Exempt Assessee from TDS Obligation on Interest Paid Abroad: ITAT Chennai

Articles

The Income Tax Act allows taxpayers to claim a deduction on home loan interest, depending on the tax regime you opt for.

New vs Old Tax Regime: Treatment of Home Loan Interest in Case of Rented Property

A complete guide to understanding and responding to Income Tax Notices under Section 143(1)(a) to avoid penalties and ensure compliance.

Received a Notice from IT Department? Know How to Handle Them Under Section 143(1)(a)

The Income Tax Department held a meeting with over 120 bankers from Marathwada, urging strict compliance with TDS provisions under the Income Tax Act, 1961.

Income Tax Department Urges TDS Compliance Among Marathwada Co-operative Banks

Taxpayers will not face interest under Section 234A if they file ITR and pay dues by September 15, 2025, but must still pay tax on time to avoid interest under Sections 234B and 234C.

Filing ITR in September? Don’t Assume Your Tax Liability Is Postponed

Every taxpayer in India should be aware time limits within which the Income Tax Department can scrutinise their return and send notices in India. Here's a comprehensive guide.

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DTAA with Switzerland Does Not Exempt Assessee from TDS Obligation on Interest Paid Abroad: ITAT Chennai

New vs Old Tax Regime: Treatment of Home Loan Interest in Case of Rented Property

Received a Notice from IT Department? Know How to Handle Them Under Section 143(1)(a)

Income Tax Department Urges TDS Compliance Among Marathwada Co-operative Banks

Filing ITR in September? Don’t Assume Your Tax Liability Is Postponed

Income Tax Scrutiny Deadlines: Know Time Limits for Income Tax Notices and Stay Worry-Free!