Simplification of TDS/TCS Compliance in Income Tax Bill 2025
Income Tax Bill 2025 streamlines TDS/TCS provisions by merging multiple sections, reducing word count, and retaining current tax rates for easier compliance and clarity.
Tag: TCS
206AB & 206CCA Compliance Verification for Tax Deductors Simplified
The Income Tax Department enabled a Compliance Check functionality to help tax deductors and collectors verify Specified Person status under 206AB & 206CCA. Learn how deductors can use PAN …
GST TCS Liability in Case of Multiple ECOs in One Transaction (ONDC): CBIC Clarification
Gain a clear understanding of TCS liability under Section 52 of CGST Act when multiple E-commerce Operators are involved. Read CBIC's circular.
CBDT’s FAQs/Clarifications on TCS for LRS & Overseas Tours
Explore the CBDT Circular 10/2023 on FAQs/Clarifications regarding TCS on Liberalised Remittance Scheme (LRS) and overseas tour packages.
Implementation of Incerased LRS TCS Rates from October 1, 2023
Discover the recent updates to the Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS), providing clarity and flexibility for foreign remittances.
ICAI’s Handbook on Income Tax TCS (Tax Collection at Source)
ICAI has published the Handbook on Income Tax TCS (Tax Collection at Source) for guidance of the members on the provisions amended by the Finance Act, 2022. Learn more!
S. 206C(1G) TCS Not Applicable to Non Resident buyers without PE in India: CBDT
CBDT notifies exemption from applicability of TCS provisions u/s 206C(1G) in the case of an individual who is not a resident in India in terms of clause (1) and …
CBIC’s 31 FAQs on GST TCS by E-Commerce Operators u/s 52 of CGST Act 2017
CBIC has issued a set of 31 FAQs on issues relating to ‘GST TCS’ by E-Commerce Operators under Section 52 of the CGST Act 2017, updated as on 30 …
CBDT Notifies Revised Form 13 and E-process for Lower/ Nil Rate TDS/ TCS certificate u/s 197/ 206C
CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ …
TDS/ TCS under GST Applicable from 01/10/2018 (CGST Section 51 & 52): CBIC
CBIC has notified that the provisions of Section 51 (TDS) and Section 52 (TCS) of the CGST Act 2017, i.e. TDS/ TCS under GST, shall be finally applicable from 01/10/2018.