TDS / TCS Rate Chart Tax Year (FY: 2026-27)
With the new Income-tax Act (applicable from tax year 2026–27), TDS / TCS provisions are consolidated into a few sections (mainly Section 393), with rates specified through tables. Each table… Read more »
Category: TCS Rates
Section 206C(1F): TCS on Sale of Motor Vehicles and Luxury Goods
Section 206C(1F) of the Income Tax Act, 1961 requires sellers to collect tax at source (TCS) on the sale of motor vehicles exceeding a prescribed threshold. Effective from 1st April 2025,… Read more »
Key TDS / TCS Proposed Changes in Budget 2026-27
The Union Budget 2026-27 has proposed a few important amendments in the TDS and TCS provisions, aimed at easing compliance, reducing unnecessary tax burden, and simplifying procedural requirements. While the… 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 »
Special Combo Offer on TDSMAN (FY: 2025-26 & 2026-27)
Get Standard Editions of TDSMAN (FY: 2025-26) & TDSMAN (FY: 2026-27) at Rs. 7350/- + GST @ 18% instead of Rs. 9800/- + GST@18% Click here to Order Now Prepare TDS… Read more »
Section 206C(1E): TCS on Cash Receipts for Goods and Services
Section 206C(1E) of the Income Tax Act, 1961 requires collection of tax at source (TCS) on high-value cash receipts arising from the sale of goods or provision of services. The… Read more »