The Telecom Department has made a pivotal move by pulling back on the recently updated telecom cybersecurity regulations. The original Tele...

The 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...

Budget 2025: Now the Income Tax Department will not prosecute taxpayers who failed to deposit the collected TCS if the taxpayers pays the T...

TDS 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 on tax collected at source: The income tax department has amended the income tax laws to allow claiming of ...

The Interim Budget 2024 includes the inclusion of increased Tax Collected at Source (TCS) rates on foreign remittances into the Income Tax ...

Under new CEO, tech major also makes changes to leadership, aligns with business verticals

Here is the rate you will be charged for foreign remittances under LRS below and above Rs.7 lakh.

Earlier, the use of credit cards for meeting expenses while traveling outside India was not included under LRS. As per the notification, ru...

The Finance Bill was passed without discussion as Parliament continued to remain stalled over Opposition demands for a probe by a joint par...

As per the Budget proposal, banks remitting funds overseas will have to collect tax at source at 20% without the applicability of any thres...

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...

The 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...

In a statement, the Central Board of Direct Taxes (CBDT) clarified that TCS shall be applicable only on the amount received on or after Oct...

This implies that consumers will have to cough up GST on the value of tax collected by an auto dealer.

Arun 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...

THE government has introduced the Bill which seeks, among other things, to reduce the interest rate on direct tax refunds paid by the gover...