Category: TCS

Tax Collected at Source

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 »

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 »

New File Validation Utility (FVU) Version 1.1 Released on 8th July, 2026

New version of File Validation Utility (FVU) for e-TDS/TCS statements is released by the Income Tax Department. FVU Version 1.1 – Applicable for quarterly TDS/TCS statements pertaining to TY 2026-27… Read more »

New File Validation Utility (FVU) Version 1.0 Released on 1st July, 2026

The Income Tax Department has released the File Validation Utility (FVU) Version 1.0 for quarterly TDS / TCS statements to be filed under the provisions of the Income-tax Act, 2025…. Read more »

TDS / TCS Compliances Reminder for July 2026

7th July 2026 – Due date for TDS / TCS payment for deductions / collections during June 2026 31st July 2026 – Due date of filing TDS & TCS Return for Quarter 1 of Tax… Read more »