January – Pending TDS / TCS Compliances
30th January – Due date of issuing TCS certificate for Quarter 3 of Financial Year 2025-2026 31st January – Due date of filing TDS Returns for Quarter 3 of Financial… Read more »
Category: TCS
New File Validation Utilities (FVUs) Version 9.3 & 2.189 released on 23rd January, 2026
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released by the Income Tax Department. FVU Version 9.3 – Applicable for quarterly TDS/TCS statement pertaining to FY 2010-11… Read more »
TDS / TCS Compliance Simplified: Common Pitfalls and How to Avoid Them
Tax Deducted at Source (TDS) & Tax Collected at Source (TCS) compliance is a crucial responsibility for all deductors and collectors. While the process is straightforward, common mistakes can lead… Read more »
Section 206C(1) of the Income Tax Act: Tax Collection at Source (TCS)
Section 206C(1) of the Income Tax Act, 1961 mandates the collection of tax at source (TCS) by sellers related to specific goods. It applies at the time of debiting the… Read more »
TDS / TCS Compliance Reminder for January 2026
7th January 2026 – Due date for TDS/TCS payment for deductions/collections during December 2025 15th January 2026 – Due date of filing TCS Returns for Quarter 3 of Financial Year… Read more »
Significance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this standard deduction rate. The ‘Remarks’… Read more »