Reference to CBDT Circular No. 05/2024 dated 15th March 2024, the monetary limits has been revised vide Circular No 09/2024 dated 17th September 2024 for…
View More CBDT Circular No. 09/2024 – Enhancement of Monetary Limits on LitigationsCategory: TCS
Tax Collected at Source
Applicability of Lower TDS / TCS Extended on Purchase of Goods
Effective from 1st October 2024, issue of certificates under Section 197 (lower deduction / collection) has been extended to include Sections 194Q and 206C. This…
View More Applicability of Lower TDS / TCS Extended on Purchase of GoodsFile your TDS Returns (Q1) by 31st July, 2024
31st July 2024 – Due date of filing TDS Return for Quarter 1 of FY: 2024-2025 TDS / TCS Certificates: 30th July 2024 – Due…
View More File your TDS Returns (Q1) by 31st July, 2024TDS / TCS – Annual Compliance Calendar
TDS / TCS – Deposit & Filing of Returns TDS / TCS – deductions / collections during the course of the month needs to be…
View More TDS / TCS – Annual Compliance CalendarSignificance 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 ReturnsTDS / TCS Compliances Reminder for July 2024
7th July 2024 – Due date for TDS / TCS payment for deductions/collections during June 2024 15th July 2024 – Due date of filing  TCS Return for Quarter 1 of…
View More TDS / TCS Compliances Reminder for July 2024What is TRACES?
TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online platform provided by the Income Tax Department of India. It facilitates the following services…
View More What is TRACES?TDS / 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 DatesTDS / TCS Compliances Reminder for May 2024
7th May 2024 – Due date for TDS / TCS payment for deductions/collections during April 2024 15th May 2024 – Due date of filing TCS…
View More TDS / TCS Compliances Reminder for May 2024Compliance Check for Section 206AB & 206CCA – CBDT Circular
To ease the compliance burden, CBDT (Central Board of Direct Taxes) vide Circular No. 11 of 2021 dated 21st June 2021, has announced a new…
View More Compliance Check for Section 206AB & 206CCA – CBDT Circular