Category: TCS

Tax Collected at Source

New File Validation Utilities (FVUs) Version 9.0 & 2.186 released on 1st April, 2025

The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This update introduces several enhancements and changes,… Read more »

Coexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021

Note: Effective FY: 2025-26, as per the Union Budget TCS on Sale of Goods has been withdrawn [Section 206(1H)]. Section 194Q – TDS on Purchase of Goods limits the scope… Read more »

TDS / TCS Compliance Reminder for January 2025

      No Comments on TDS / TCS Compliance Reminder for January 2025

7th January 2025 – Due date for TDS/TCS payment for deductions/collections during December 2024 15th January 2025 – Due date of filing TCS Returns for Quarter 3 of Financial Year… Read more »