TDS Archives - Finoscape

A 12-Year Fight Over ₹59 Crore: Delhi HC Says the Taxman Can’t Keep Excess TDS Just Because the Return Came in Response to a Section 148 Notice

Case Law, Income Tax / August 27, 2026 / Delhi High Court, Section 148 Income Tax Act, Section 244A, TDS

The Delhi High Court holds that the Income Tax Department cannot deny credit or refund of excess TDS merely because the return was filed in response to a Section 148 reassessment notice rather than under Section 139.

A 12-Year Fight Over ₹59 Crore: Delhi HC Says the Taxman Can’t Keep Excess TDS Just Because the Return Came in Response to a Section 148 Notice Read Post »

Income Tax

High-Value Financial Transactions Reported to the Income-tax Department: The Complete Rule 114E Guide

Income Tax / August 4, 2026 / AIS, Breaking, Compliance, Featured, Form 26AS, High Value Transactions, Income Tax, income tax notice, Rule 114E, Section 270A, Section 285BA, SFT, TDS

Which bank deposits, property deals and card payments get reported to the Income-tax Department under Rule 114E — thresholds, penalties, and what to do about AIS mismatches.

High-Value Financial Transactions Reported to the Income-tax Department: The Complete Rule 114E Guide Read Post »

Illustration representing the four components of a REIT or InvIT distribution: interest, dividend, rental income and capital repayment

Income Tax

REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly

Income Tax / August 4, 2026 / Capital Gains, Cost of Acquisition, Dividend, Finance Act 2025, Income Tax, Interest Income, Investment Taxation, InvIT, REIT, Section 115BAA, TDS, Trending

A REIT or InvIT payout can bundle interest, dividend, rental income and capital repayment in one distribution — each taxed differently. Here’s how to read your statement correctly, including two rules commonly stated backward.

REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly Read Post »