Judgement

The ITAT Bangalore held that TDS is generally required on year-end provisions where the payee and liability are identifiable, but the matter was remanded to the AO to verify whether taxes were already paid by recipients and grant relief.

TDS applicable on year-end provisions; TDS on salaries required only required at payment time: ITAT

The High Court rejected the tax officer’s suspicion on demonetization cash deposits, confirming that audited records were valid and explained.

Demonetisation cash deposit additions cannot sustain when assessee’s books remain unchallenged: High Court

Articles

Meal card benefits must be reported as part of salary in ITR and then claimed as exempt only up to the permitted per-meal limit.

Maximise Your Tax Savings: Meal Card Benefits Explained for ITR

News

UltraTech Cement has been hit with an income tax demand of ₹808.78 crore, according to a recent regulatory disclosure by the company.

UltraTech Cement slapped with Rs. 808.78 Cr Income Tax Demand

The tax authority agreed with disallowing some of Paisabazaar’s expenses for FY 2021–22 and FY 2022–23. However, it asked the officer to check and allow the company to adjust its past losses if the details are correct.

Paisabazaar faces 145.91 Cr Income Tax disallowances from I-T Appellant body

A complete and updated overview of TDS rates, revised sections, and key compliance changes under the Income-tax Act, 2025 applicable from FY 2026-27.

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TDS applicable on year-end provisions; TDS on salaries required only required at payment time: ITAT

Demonetisation cash deposit additions cannot sustain when assessee’s books remain unchallenged: High Court

Maximise Your Tax Savings: Meal Card Benefits Explained for ITR

UltraTech Cement slapped with Rs. 808.78 Cr Income Tax Demand

Paisabazaar faces 145.91 Cr Income Tax disallowances from I-T Appellant body

TDS Rate Chart as per Income-tax Act 2025 for Tax Year 2026-27