The TDS or tax deducted at source on online gaming applications will now be effective from 1 April, 2023 as against an earlier provision of 1 July, 2023. This comes as the online gaming industry stakeholders had approached the Central Board of Direct Taxes (CBDT) and …
Supreme Court Changes Tax Relationship Between Airlines And Their Agents Case Details : Singapore Airlines Ltd. Vs C.I.T (Supreme Court of India); Civil Appeal No. 6964¬6965 of 2015; Dated: 14/11/2022 Section 194H- The provision requires deduction of tax at source (“TDS”) at 10% plus surcharge from …
1. The Central Board of Indirect Taxes and Customs (CBIC) while clearing the misconceptions, in a series of tweets, has said the rule will be applicable to only 0.5% of the total taxpayers base of 1.2 crores. 2. The CBIC has introduced Rule 86B in GST …
Judgement: The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while deleting the disallowance against Infosys BPM Ltd. held that payments made to a non-resident for acquiring off-the-shelf software are not royalty and no obligation to deduct TDS. Facts of the case: The revenue has appealed on …
1) The Central Board of Direct Taxes (CBDT) on September 29 issued a detailed clarification pertaining to the new TDS/TCS provisions set to be applicable from October 1, 2020, onward. 2) The Finance Act, 2020, widens the scope of TCS provisions to cover the sale of …
1) The Central Board of Direct Taxes (CBDT) has issued the guidelines for TDS on Payment by e-commerce operator, under section 194-O with effect from October 1, 2020. 2) The guidelines issued by the Boards deal with the applicability of transactions carried through various exchanges; applicability …
