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TCS LIABILITY
No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...
US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassleIndians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and ...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
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 ...
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...
RBI scraps Paytm Bank licence; Pronto's back-to-back fundingRBI has cancelled Paytm Payments Bank licence over compliance lapses. This and more in today's ETtech Top 5.
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
Systemically eradicate sexual HRassmentAlarming reports of sexual harassment and coercion have surfaced at a TCS BPO facility in Nashik, raising critical questions about the impl...
Investors, foreign travellers to get more cash in hand as Budget 2025 hikes TDS, TCS limitsBudget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new thresholds will aid ...
Union Budget: TDS relief for small taxpayers, TCS boost for international tripBudget 2025 proposes increasing threshold limits for tax deducted at source (TDS) across various income categories, benefiting small taxpay...
The tax tweaks that you need to be aware of if you're planning to study or travel abroadThe Indian government’s Budget 2024 proposed lowering Tax Deducted at Source (TDS) on salaries, helping individuals who have paid Tax Colle...
How to cut your TCS hit if you invest in foreign assetsStarting from October 1, 2023, Indian residents investing in foreign assets will be subject to a Tax Collected at Source (TCS) of 20% on fo...
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. ...
Sending money abroad, foreign investment to cost more: How remittances will be taxed from July 1, 2023Sending money to meet living expenses of students abroad will attract 20% TCS.
High value cars, jewellery to become cheaper as TCS to be excluded in computing GSTThe CBIC in a circular said that the TCS amount would be excluded from the value of goods while computing the Goods and Services Tax (GST) ...
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.
Tax Collected at Source for e-commerce is an unfair liability: IAMAIThe industry lobby body has said that Tax Collected at Source (TCS) mandates all sellers to register under GST even if they are under the i...
TCS records Rs 2,809 crore as contingent liability for Epic law suitEpic had filed the law suit against TCS in 2014 alleging that the company had stolen its intellectual property.
Tata Consultancy Services tax liabilities more than double to Rs 8K crore in FY16In addition to the disputed tax demands, the firm also listed the Rs 6,227 crore claim by Epic Systems Corp as a contingent liability for t...