Category: TCS return

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 »

New File Validation Utility (FVU) Version 1.2 released on 19th August 2026

The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This updated version would address the following:… Read more »

Section 461: Penalty on taxpayers for not filing TDS or TCS returns

Section 461 of the Income Tax Act, 2025, outlines penalties related to the late filing, non-filing, or furnishing of incorrect information in Tax Deducted at Source (TDS) and Tax Collected… Read more »

TDS / TCS Compliances Reminder for August 2026

7th August 2026 – Due date for TDS payment for deductions during July 2026 7th August 2026 – Due date for TCS payment for collections during July 2026 15th August… Read more »

TDS / TCS – Annual Compliance Calendar

TDS / TCS – Deposit & Filing of Returns Important Update for Tax Year 2026-27: Pursuant to Rule 219 of the Income Tax Rules, 2026, the due dates for filing… Read more »