Interest Liability

Income Tax

TDS applicable on year-end provisions; TDS on salaries required only required at payment time: ITAT | Biz Flow Kit
Byadmin May 7, 2026

TDS applicable on year-end provisions; TDS on salaries required only required at payment time: ITAT The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) recently gave a ruling on whether a company must deduct tax (TDS) on expenses set aside at the end of the financial year and on variable pay for employees. The…

Read More TDS applicable on year-end provisions; TDS on salaries required only required at payment time: ITAT | Biz Flow Kit
Income Tax

UPS forms integral part of computer and is eligible for higher rate depreciation: High Court | Biz Flow Kit
Byadmin April 10, 2026

UPS forms integral part of computer and is eligible for higher rate depreciation: High Court The Revenue filed an appeal against the order of the Income Tax Appellate Tribunal in the case of Tata Power Delhi Distribution Ltd., raising multiple issues relating to disallowances and additions made during assessment. The matters in dispute included derecognition…

Read More UPS forms integral part of computer and is eligible for higher rate depreciation: High Court | Biz Flow Kit