The CBDT has issued Circular No. 2/2026 dated 25th March, 2026, in respect of issuance of TDS certificates for the quarter ending 31st December, 2025. As per Section 203 of… Read more »
With the new Income-tax Act (applicable from tax year 2026–27), TDS / TCS provisions are consolidated into a few sections (mainly Section 393), with rates specified through tables. Each table… Read more »
As it seems evident, gradually the ‘Old Regime’ for computing income tax is being phased out, from FY:24-25, each tax payer has been placed in the ‘New Regime’ for taxation…. Read more »
Section 276B of the Income Tax Act, 1961, addresses the consequences for failing to remit Tax Deducted at Source (TDS) to the Central Government within the prescribed timeframe. This provision… Read more »
7th March 2026 – Due date for TDS / TCS payment for deductions / collections during February 2026 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file seamless… Read more »
Section 206C(1F) of the Income Tax Act, 1961 requires sellers to collect tax at source (TCS) on the sale of motor vehicles exceeding a prescribed threshold. Effective from 1st April 2025,… Read more »
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