Category: TCS

Tax Collected at Source

Section 206C(1C) – TCS on Toll Plaza, Parking, etc

Section 206C(1C) of the Income Tax Act, 1961 mandates the collection of tax at source (TCS) by certain persons when they receive any amount as consideration for granting a lease,… Read more »

TDS / TCS Compliances Reminder for July 2025

7th July 2025 – Due date for TDS / TCS payment for deductions/collections during June 2025 15th July 2025 – Due date of filing  TCS Return for Quarter 1 of Financial Year 2025-2026 30th July 2025 – Due… Read more »

TDS Under Section 194J(a) & 194J(b)

      No Comments on TDS Under Section 194J(a) & 194J(b)

The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from 7th August 2020. u/s 194J(a) of… Read more »

TDS / TCS Compliances Reminder for June 2025

7th June 2025 – Due Date for TDS / TCS payment for deductions / collections during May 2025 15th June 2025 – Due date for issuance of TDS Certificates for Quarter 4 of FY: 2024-25 *Please ensure timely compliance to… Read more »

TRACES: Download & Extract TDS & TCS Certificates

Once you have completed the process of filing your TDS or TCS returns, the next important step is to generate and distribute the relevant certificates to deductees or collectees. The… Read more »