Late Payment Intimation – reasons & how to resolve?
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment of TDS dues for which… Read more »
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 »
TDS / TCS Compliances Reminder for June 2026
7th June 2026 – Due Date for TDS / TCS payment for deductions / collections during May 2026 15th June 2026 – Due date for issuance of TDS Certificates for Quarter 4 of Tax Year 2025-26 *Please ensure timely compliance… 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 »