Unexplained Money

Indirect Fund Transfers Not ‘Unexplained Money,’ Rules High Court

December 11, 2024Posted inAllahabad High Court, First Rand Bank, Income Tax, Income Tax Act 1961, Income Tax Department, Income Tax Order, micro-borrowers, Sec.148 of Income Tax Act, source of income, TDS ON SALARY INCOME, Unexplained MoneyNo Comments
Funds Temporarily Held in One Account Before Transfer to Another Doesn’t Qualify as Unexplained Money: Allahabad High Court The Allahabad High Court has clarified that funds temporarily placed in one…
TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar

CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar

August 8, 2024Posted inIncome Tax, Income Tax Act 1961, Non-filing of TDS Return, quarterly TDS returns, TCS Certificate, TDS ON SALARY INCOME, TDS payment reconciliation1 Comment
The Central Board of Direct Taxes (CBDT) has issued Circular No. 8 of 2024 on August 5, 2024, providing relief regarding the provisions of Tax Deducted at Source (TDS) and…