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 CompliancesCategory: TCS
Tax Collected at Source
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 ThemSection 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 ServicesSection 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 2025Significance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsScope of TCS widened for Luxury Goods
In the Budget of FY:24-25, the scope of including more luxury items beyond motor cars was announced with the option to notify additions from time…
View More Scope of TCS widened for Luxury GoodsTDS / 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 –…
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July – Pending TDS / TCS Compliances
30th July – Due date of issuing TCS certificate for Quarter 1 of Financial Year 2025-2026 31st July – Due date of filing TDS Returns…
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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 Prevention