Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are essential components of India’s tax system to ensure better tax compliance and reduce the burden of lump-sum payments… Read more »
7th October – Due date for TDS / TCS payment for deductions/collections during September 2025 15th October – Due date of filing TCS Return for Quarter 2 of Financial Year 2025-2026 30th October – Due date of issuing TCS… Read more »
What is Section 195? Section 195 of the Income Tax Act, 1961 mandates that any person (including individuals, Hindu Undivided Families (HUFs), firms, or companies) responsible for making payments to… Read more »
Section 194O was introduced in the Union Budget 2020 and came into effect from 1st October 2020. It requires e-commerce operators to deduct TDS on the gross amount of sales… Read more »
Section 271H of the Income Tax Act, 1961, 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 »
The different types of TDS / TCS certificates need to be issued on time which is summarized in the table below: Form No. Certificate – Description Frequency Due Dates Form… Read more »