Searched for
TCS AMENDMENT
May 2026 income tax calendar: Important TDS, TCS deadlines and other due dates explainedTaxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuan...- New TDS and TCS changes for Tax Year 2026-27: Check 6 important tax updates now
- Finance Minister Nirmala Sitharaman tables Finance Bill 2026 in Lok SabhaFinance Minister Nirmala Sitharaman presented the Finance Bill, 2026, in the Lok Sabha. This bill enacts the government's financial plans f...
- Budget 2026 makes TDS/TCS deduction rules mandatory, know how it will help in reducing disputesBudget 2026 has made CBDT guidelines mandatory for all property TDS and transaction participants. This move aims to prevent disputes and li...
- DoT withdraws duplicate notification, amended cyber security rules to remain in forceThe Telecom Department has made a pivotal move by pulling back on the recently updated telecom cybersecurity regulations. The original Tele...
- More funds for international trips as Union Budget boosts TCS limit for foreign remittancesThe rise in the Tax Collection at Source (TCS) exemption limit on foreign remittances from Rs 7 lakh to Rs 10 lakh will provide extra funds...
- Now no more prosecution for delayed payment of TCS if its paid by this date: Budget 2025Budget 2025: Now the Income Tax Department will not prosecute taxpayers who failed to deposit the collected TCS if the taxpayers pays the T...
- TDS relief for salaried: From January 1, 2025 TDS statement will reflect the net TDS/TCS benefit on eligible incomeTDS on salary: Now salaried taxpayers will be able to see how much benefit of lower TDS they got in the TDS certificate statement from Q4 2...
- New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroadNew relief for income taxpayers on tax collected at source: The income tax department has amended the income tax laws to allow claiming of ...
- K Krithivasan revamps TCS, amends Rajesh Gopinathan's strategyUnder new CEO, tech major also makes changes to leadership, aligns with business verticals
- What are the new TCS rates for foreign remittances applicable from October 1, 2023Here is the rate you will be charged for foreign remittances under LRS below and above Rs.7 lakh.
- Credit card spends in forex under LRS now, travel industry bodies oppose moveEarlier, the use of credit cards for meeting expenses while traveling outside India was not included under LRS. As per the notification, ru...
- Lok Sabha passes Finance Bill with key amendmentsThe Finance Bill was passed without discussion as Parliament continued to remain stalled over Opposition demands for a probe by a joint par...
- Budget 2023: Want to send money abroad? It will cost you more nowAs per the Budget proposal, banks remitting funds overseas will have to collect tax at source at 20% without the applicability of any thres...
- Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance...
- Did not file income tax return for FY 2020-21? You may be liable for higher TDS, TCS from Apr 1The law for higher TDS, TCS in case of not filing ITR was announced in Budget 2021 and amended in Budget 2022. If an individual does not fi...
- TCS to be collected by seller from October 1 only if turnover exceeds Rs 10 crore: CBDTIn a statement, the Central Board of Direct Taxes (CBDT) clarified that TCS shall be applicable only on the amount received on or after Oct...
- Cars costing over Rs 10 lakh to carry extra taxThis implies that consumers will have to cough up GST on the value of tax collected by an auto dealer.
- Government removes 1% tax collection at source on cash purchase above Rs 2 lakhArun Jaitley, in his Budget for 2016-17, had provided for the seller to collect tax at the rate of 1% from the purchaser on sale in cash of...
- Bill seeks to slice tax refund rateTHE government has introduced the Bill which seeks, among other things, to reduce the interest rate on direct tax refunds paid by the gover...
Load More
