Category: TCS

Tax Collected at Source

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 »

New File Validation Utilities (FVUs) Version 9.1 & 2.187 released on 7th May, 2025

The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This version addresses some of the errors… Read more »

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Note: Effective FY: 2025-26, as per the Union Budget TCS on Sale of Goods has been withdrawn [Section 206(1H)].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 »