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TCS DEDUCTION
Has Form 168 replaced Form 26AS for FY 25-26? Here's what taxpayers need to know for ITR filingForm 168: The Income Tax Department has unveiled Form 168, a comprehensive upgrade to the Annual Information Statement, effectively superse...
GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
Dividends, bonus issues: TCS, LIC, Bajaj Auto among 30 stocks turning ex-date this week. Check detailsInvestors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate action...
Dividend tracker: Last date to buy TCS, one more Tata stock for shareholder payoutInvestors have a final chance today to buy shares in TCS, Tata Consumer Products, and other companies for upcoming dividend payouts and bon...
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
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
Best tax saving mutual funds or ELSS to invest in April 2026Taxpayers looking to save income tax under Section 80C can consider Equity Linked Savings Schemes (ELSS). These tax-saving mutual funds off...
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....
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 form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by youForm 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by...
Individuals get relief from income tax demand for short deduction of TDS due to inoperative PAN of deducteeTDS Notice: Individuals won't get income tax notice for failing to deduct a correct amount of TDS in cases where the deductee's PAN was in-...
Income tax calendar 2024: Important tax-related dates you need to knowWith the start of the new year, it is important to remember important deadlines for the year. Knowing the last dates well ahead of time can...
GST Council to clarify on TCS liability of e-commerce suppliers on ONDCThe Goods and Services Tax (GST) Council is set to clarify the Tax Collected at Source (TCS) liability of e-commerce suppliers on 11 July. ...
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...
E-commerce firms to pay up to 1% TCS under GSTThe model Goods and Services Tax (GST) law, finalised by the GST Council, provides for 1 per cent TCS to be deducted by the e-commerce oper...
E-commerce firms like Flipkart and Snapdeal to deduct TCS under GSTThe measure, Nangia & Co Director Rajat Mohan said, will not increase the incidence of taxation on consumers as the supplier will get tax c...
E-commerce firms will have to deduct TCS on payments to suppliersAggregators mainly include Ola, Uber, Urban Clap which works as a platform for providing transport and other services. The TCS provision wi...