Category: TCS

Tax Collected at Source

TDS / TCS Compliances Reminder for November 2026

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7th November 2026 – Due Date for TDS / TCS payment for deductions / collections during October 15th November 2026 – Due date for issuance of TDS / TCS Certificates for Q2 of Tax Year 2026-27 *Please ensure timely compliance to… Read more »

Consequences of TDS / TCS defaults

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The following table highlights the applicable provisions and implications of non-compliance with TDS / TCS requirements, including failure to deduct, collect or deposit tax : Nature of Default Old Section… 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 »

TDS / TCS Compliances Reminder for October 2026

7th October – Due date for TDS / TCS payment for deductions / collections during September 2026 31st October – Due date of filing TDS / TCS Return for Quarter 2 of Tax Year 2026-2027 *Please… 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 »