CBDT Simplifies TDS/TCS Credit Claims for Salaried Employees and Minors: Notification No. 114/2024
Date: October 16, 2024 In a move aimed at simplifying the process of claiming credit for Tax Collected at Source …
TCS
GST on Metal Scrap: New Provisions Effective from 10th October 2024
The GST Council has introduced new provisions regarding the treatment of metal scrap under the Goods and Services Tax (GST), …
CBDT Simplifies Registration Process for Charitable Organizations: Key Changes in Forms 10A and 10AB
The Central Board of Direct Taxes (CBDT), vide Notification No. 111/2024 dated October 15, 2024, has introduced the Income-tax Amendment …
Income-Tax Forms Updated for Salaried Persons: Key Changes in TDS and TCS Reporting
On October 15, 2024, the Central Board of Direct Taxes (CBDT) issued Notification No. 112/2024, introducing the Income-tax (Eighth Amendment) …
New TDS Rate on Rent from 1 October 2024 – Section 194IB
The Union Budget 2024 introduced several changes to the tax structure, TDS Rates and TCS Rates, one of which pertains …
New TDS Rate Chart F.Y. 2024-25 (AY 2025-26) as amended by Finance Act (No.2) 2024 effective from 1 October 2024
TDS rates are Changed by Budget 2024 via Finance Act (No.2) 2024 for F.Y. 2024-25 & A.Y. 2025-26 effective from …
Remitting large amount abroad? Pay TCS, declare income accurately
The Central Board of Direct Taxes (CBDT) has reportedly launched a probe into foreign remittances exceeding Rs 6 lakh in …
New TCS Rates under GST – Advisory on Changes in GSTR-8
Date: August 2nd, 2024 The GST Council has recently announced a significant change in the Tax Collected at Source (TCS) …
Union Budget 2024 gives salaried individuals some relief on TDS, TCS | TDS Rates changed
Along with TDS deduction by employers, salaried individuals also face TCS collected from them under various other transactions. A small …
New Rate of TCS under GST notified from 10 July 2024
CBIC via Notification Number 15/2024 of Central Tax, No. 01/2024- Integrated Tax, No. 01/2024- Union Territory Tax Amended the TCS …
