Tag: Section 206C(1G)

Section 206C(1G): TCS on Foreign Remittances and Tour Packages

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Section 206C(1G) of the Income Tax Act, 1961 mandates tax collection at source on specified foreign transactions. It applies when an authorized dealer receives funds for remittance under the Liberalized… Read more »

Key TDS / TCS proposed changes in Budget 2025-26

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The Union Budget 2025-26 brings notable changes to tax deduction and collection processes, aimed at streamlining compliance and administrative procedures. These amendments focus on revising thresholds, removing redundant provisions, and… Read more »