Gujarat High Court: “PAN Not Mandatory For Lower TDS Under DTAA”

The Gujarat High Court has held the Permanent Account Number (PAN) is not mandatory for lower Tax Deducted At Source (TDS) under Double Tax Avoidance Agreement (DTAA).

[Union Budget 2024] FM Nirmala Sitharaman Announces 6-Month Review of ‘Income Tax Act’ to Reduce Disputes & Litigation

Today, On 23rd July, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25, her seventh consecutive budget, surpassing Morarji Desai’s record. She highlighted key proposals including a review of the Income Tax Act, reduction in customs duties, and the Modi 3.0 roadmap. The budget aims to revamp the income tax system and expand the tax base.

Delhi High Court Clarifies Criteria for TDS Prosecution in Corporate Roles

The Delhi High Court on Wednesday has set a precedent regarding the prosecution for non-compliance with Tax Deducted at Source (TDS) regulations, emphasizing the necessity of establishing an administrative connection for such actions against corporate office holders. The bench, comprising Justice Yashwant Varma and Justice Purushaindra Kumar, underscored that mere possession of a title within […]