List of New items come under TCS from 22 April 2025
A variety of luxury items, including wristwatches, handbags, shoes, sunglasses, art, paintings, and home theater systems, priced over Rs 10 …
TCS
FAQ on TCS on Luxury Goods applicable from 22 April 2025 on shoes, bags, watch, sunglasses etc.
To widen the scope of Tax Collection at Source (TCS) and enhance revenue from high-value purchases, the Finance (No. 2) Act, …
TCS Changes Effective from 1st April 2025
The Finance Bill, 2025 introduces significant amendments to the Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) …
TDS Changes Effective from 1st April 2025
The Income Tax Act of India mandates Tax Deducted at Source (TDS) on various payments made to individuals and entities. …
TCS Changes from 1 April 2025: TCS on sale and foreign remittance for education removed
The Union Budget 2025 has introduced several amendments related to Tax Collected at Source (TCS) under Section 206C of the …
TDS u/s 194J New Threshold limit – TDS on professional and technical services from April 1, 2025
The Finance Act 2025, as presented in Budget 2025, has introduced a key amendment to Section 194J of the Income …
Important TDS Updates: TRACES Maintenance & New Form-16 Utility Release
Temporary Downtime of TRACES Website The TDS Reconciliation Analysis and Correction Enabling System (TRACES) website will undergo planned technical upgradation …
New Six-Year Rule for TDS/TCS Correction Statements: Hurry! File TDS Corrections Before the March 2025 Deadline
Amendment to Section 200(3): Timeline for Filing Correction Statements The Finance Act (No. 2), 2024, introduced a crucial amendment to …
TDS Default Notices and PAN-Aadhaar Linking: Latest Update from CBDT
Recently CBDT issued Circular No. 6 Dated 23 April 2024 to give Relief for TDS/TCS Deductors on higher Deduction of …
Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â
![Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/blog-14-768x432.jpg "Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â")
Any income of a charitable institution or fund which is approved by the Principal Commissioner or Commissioner having regard to …
