Union Budget 2025: Finance Minister Nirmala Sitharaman during Budget 2025 proposed to rationalise tax deduction at source (TDS) by reducing the number of rates and thresholds above which TDS is ...

If you had paid TDS or TCS on time, but due to technical difficulties it was deposited late in the government account, then now you will not have to worry about paying interest. The Central Board of ...

There is a problem with the Income Tax law due to which in immovable property sale cases, Taxpayers especially NRIs may face ...

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are both tax-related concepts in India, but they serve distinct roles in the tax collection process. Both TDS and TCS represent vital tax ...

TDS and TCS are vital mechanisms under the Indian tax system for early tax collection. TDS involves payers deducting tax on payments like rent and salary, while TCS requires sellers to collect tax on ...

The aforesaid corrective actions / measures, once implemented, would foster a conducive environment for business growth, particularly benefiting the MSME sector, which is a critical driver of the ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...

Two of the major tax burdens that an individual bears are – Tax Deducted at Source and Tax Collected at Source. Both these taxes require return filing from the individual. 1. The tax collector will ...

According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. Earlier, the 6-year duration permitted for the ...