Category: Income Tax

TDS on Payments to Contractors – Section 393(1) (Section 194C)

The provisions relating to TDS on payments made to contractors for carrying out any work have been restructured under the Income-tax Act, 2025. The earlier Section 194C of the Income-tax… Read more »

Section 448 of the Income-tax Act, 2025 – Penalty for Failure to Deduct Tax at Source

The provisions relating to penalty for failure to deduct tax at source have been restructured under the Income-tax Act, 2025. The earlier Section 271C of the Income-tax Act, 1961 is… Read more »

TCS on Foreign Remittances and Overseas Tour Packages – Section 394(1) (206C(1G))

The provisions relating to collection of tax at source on foreign remittances and overseas tour programme packages have been restructured under the Income-tax Act, 2025. The earlier Section 206C(1G) of… Read more »

TCS on Sale of Motor Vehicles and Luxury Goods – Section 394(1) (206C(1F))

The provisions relating to collection of tax at source on sale of specified high-value goods have been restructured under the Income-tax Act, 2025. The earlier Section 206C(1F) of the Income-tax… Read more »

TCS on Sale of Specified Goods – Section 394(1) (206C(1))

The provisions relating to collection of tax at source on specified goods have been restructured under the Income-tax Act, 2025. The earlier Section 206C(1) of the Income-tax Act, 1961 is… Read more »

TCS on Toll Plaza, Parking Lot and Mining Contracts – Section 394(1) (206C(1C))

The provisions relating to collection of tax at source on specified contracts such as toll plazas, parking lots, and mining activities have been restructured under the Income-tax Act, 2025. The… Read more »