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 …
TCS
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)]
![Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-14-768x432.jpg.pagespeed.ic.nuq9z5fgT9.jpg "Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]")
Any income of a charitable institution or fund which is approved by the Principal Commissioner or Commissioner having regard to …
FAQs for Removal of difficulty on issues pertaining to TCS on LRS and purchase of overseas tour program package – Circular No.10/2023 of Income Tax, dated 30 June 2023
Sub: Circular to remove difficulty in implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme …
TDS & TCS RETURNS (Q1 FY 2023-24) DATE EXTENDED
CIRCULAR NO. 9/2023 DATED 28 JUNE 2023 The Central Board of Direct Taxes, in exercise of its powers under section …
New TCS Rates applicable from 1 October 2023
Increased TCS rates to apply from 1 October, 2023: The increase in TCS rates, which were to come into effect …
TDS & TCS Due Date of Payment and Returns, Late fee, Interest & Penalty
Due Date of Payment of TAX Deducted at Source (TDS): The due date for the payment of TDS (Tax Deducted …
