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 ThemCategory: TCS payment
Section 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)TDS / 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 2026Late Payment Intimation – reasons & how to resolve?
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment…
View More Late Payment Intimation – reasons & how to resolve?TDS / TCS Compliances Reminder for November 2025
7th November 2025 – Due Date for TDS / TCS payment for deductions / collections during October 15th November 2025 – Due date for issuance of TDS Certificates for Quarter 2 of FY: 2025-26 *Please…
View More TDS / TCS Compliances Reminder for November 2025TDS / 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 PreventionTDS / 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 / 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 2025Section 271H: Penalty on taxpayers for not filing TDS or TCS returns
Section 271H of the Income Tax Act, 1961, outlines penalties related to the late filing, non-filing, or furnishing of incorrect information in Tax Deducted at…
View More Section 271H: Penalty on taxpayers for not filing TDS or TCS returnsTDS / TCS Certificates – Due Dates
The different types of TDS / TCS certificates need to be issued on time which is summarized in the table below: Form No. Certificate –…
View More TDS / TCS Certificates – Due Dates