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)…
View More Section 195 – TDS on Payments to Non-ResidentsMonth: January 2026
TDS / 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 ThemCorrection Statements: Limited to the Last Six Years
Starting from 1st April 2025, a significant change is being introduced regarding the filing of Correction Statements. Under the current provisions, taxpayers have the flexibility…
View More Correction Statements: Limited to the Last Six YearsSection 206C(1) of the Income Tax Act: Tax Collection at Source (TCS)
Section 206C(1) of the Income Tax Act, 1961 mandates the collection of tax at source (TCS) by sellers related to specific goods. It applies at…
View More Section 206C(1) of the Income Tax Act: Tax Collection at Source (TCS)Section 194IB – TDS on payment of Rent by certain Individuals or HUF
As per Section 194IB, it is mandatory for persons such as individuals / HUF not liable to audit u/s 44AB to deduct tax for rent…
View More Section 194IB – TDS on payment of Rent by certain Individuals or HUFWhat is form 26QC?
From 1st June, 2017 individuals & HUF’s who are not under Tax Audit (under section 44AB) and does not have a Tax Account No. (TAN) while…
View More What is form 26QC?Allocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS ReturnsFAQ about CONSO File
1. What is a Conso file? It is the consolidated data of the statements processed (regular & correction) for the relevant Financial Year, Quarter and…
View More FAQ about CONSO FileTDS / TCS Compliance Reminder for January 2026
7th January 2026 – Due date for TDS/TCS payment for deductions/collections during December 2025 15th January 2026 – Due date of filing TCS Returns for…
View More TDS / TCS Compliance Reminder for January 2026