Tag: Section 206C(1H)

TDS / TCS – Changes w.e.f. 1st April 2025

      2 Comments on TDS / TCS – Changes w.e.f. 1st April 2025

1. Section 194D – Payment related to Insurance Commission The TDS @2% would apply on Section 194D – Payment related to Insurance Commission, till 31st March this was 5%. The… 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Note: Effective FY: 2025-26, as per the Union Budget TCS on Sale of Goods has been withdrawn [Section 206(1H)].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 »

Key TDS / TCS proposed changes in Budget 2025-26

      3 Comments on Key TDS / TCS proposed changes in Budget 2025-26

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 »

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Note: Effective FY: 2025-26, as per the Union Budget TCS on Sale of Goods has been withdrawn [Section 206(1H)].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