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 ...

Did you book a foreign holiday recently and have to shell out an extra 5% or 20% in tax collected at source (TCS)? There’s good news if you’re a salaried employee. Did you book a foreign holiday ...

New Delhi [India], May 14 (ANI): The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for the non-salaried specified payments and Tax Collection at ...

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 ...

With multiple tax compliances due this month, December demands careful attention from individuals and businesses alike. These ...

New Tax Rules: Now pay 1% TCS on luxury goods worth Rs 10 lakh and above (AI generated image) Now, you will have to pay 1% TCS (tax collected at source) on the purchase of luxury goods like handbags, ...

Finance minister Nirmala Sitharaman on Wednesday announced a 25% cut in the existing rates of various taxes collected or deducted at source (TCS or TDS) by individuals and businesses on behalf of the ...

Many employees of Tata Consultancy Services (TCS), India’s largest IT services firm, have recently received demand notices from the income-tax department concerning alleged discrepancies in their tax ...

NEW DELHI: The government has relaxed provisions of TDS/TCS in the event of death of deductee/collectee before the linkage of PAN and Aadhaar card.TDS is Tax Deducted at Source and TCS is Tax ...

Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small taxpayers and gig workers. TDS on dividend income's limit rises from Rs 5,000 ...