Section 194DA of the Income Tax Act mandates the deduction of TDS on maturity proceeds of life insurance policies that are not exempt under Section…
View More Section 194DA – TDS on Maturity Payment in Respect of Life Insurance PolicyMonth: October 2025
TDS / TCS Non-Compliance: Costs, Risks and Prevention
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…
View More TDS / TCS Non-Compliance: Costs, Risks and PreventionOctober – Pending TDS / TCS Compliances
30th October – Due date of issuing TCS certificate for Quarter 2 of Financial Year 2025-2026 31st October – Due date of filing TDS Returns…
View More October – Pending TDS / TCS CompliancesTDS / TCS Compliance Simplified: Common Pitfalls and How to Avoid Them
Tax Deducted at Source (TDS) & Tax Collected at Source (TCS) compliance is a crucial responsibility for all deductors and collectors. While the process is…
View More TDS / TCS Compliance Simplified: Common Pitfalls and How to Avoid ThemTDS Deduction on EPF Interest (New Rule)
Employee Provident Fund (EPF) was earlier not subject to tax and was tax-free in the hands of the employee. When a contribution was made, the…
View More TDS Deduction on EPF Interest (New Rule)Section 276B: Failing to remit Tax Deducted at Source (TDS)
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…
View More Section 276B: Failing to remit Tax Deducted at Source (TDS)Section 206C(1E): TCS on Cash Receipts for Goods and Services
Section 206C(1E) of the Income Tax Act, 1961 requires collection of tax at source (TCS) on high-value cash receipts arising from the sale of goods…
View More Section 206C(1E): TCS on Cash Receipts for Goods and ServicesCSI Download – Options through the Income Tax Portal
CSI file is provided by the Income Tax Department through its web portal for validating the Payment Challans reported in the quarterly TDS / TCS…
View More CSI Download – Options through the Income Tax PortalSection 206C(1F): TCS on Sale of Motor Vehicles and Luxury Goods
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…
View More Section 206C(1F): TCS on Sale of Motor Vehicles and Luxury GoodsTDS / TCS Compliances Reminder for October 2025
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…
View More TDS / TCS Compliances Reminder for October 2025