TDS / TCS Compliance Reminder for March 2025
7th March 2025 – Due date for TDS / TCS payment for deductions / collections during February 2025 *Please ensure timely compliance to avoid interest and/or…
View More TDS / TCS Compliance Reminder for March 2025Section 194G – TDS on Commission on Sale of Lottery Tickets
Any income earned by a person in the form of commission, remuneration, or prize on lottery tickets (deductee) who has been selling lottery tickets (also…
View More Section 194G – TDS on Commission on Sale of Lottery TicketsCoexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021
Note: Effective FY: 2025-26, as per the Union Budget TCS on Sale of Goods has been withdrawn [Section 206(1H)]. Section 194Q – TDS on Purchase…
View More Coexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March Quarter
The Central Board of Direct Taxes (CBDT) has released Circular No. 3/2025 on 20th February 2025, providing updated guidelines on Income-Tax Deduction from Salaries during…
View More CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March QuarterSection 194DA – TDS on Maturity Payment in Respect of Life Insurance Policy
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 Policy
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 ThemTDS / TCS Compliances for February 2025
15th February 2025 – Due date for issuance of TDS Certificates for Q3 of FY: 2024-25 7th February 2025 – Due date for TDS / TCS payment…
View More TDS / TCS Compliances for February 2025Key TDS / TCS proposed changes in Budget 2025-26
The Union Budget 2025-26 brings notable changes to tax deduction and collection processes, aimed at streamlining compliance and administrative procedures. These amendments focus on revising…
View More Key TDS / TCS proposed changes in Budget 2025-26TDS Returns Software for FY: 2025-26 Released
We are pleased to announce the release of TDSMAN (FY: 2025-26). Now you can prepare TDS Returns for all quarters of FY: 2024-25 and FY:…
View More TDS Returns Software for FY: 2025-26 ReleasedSection 194I: An Overview of TDS on Rent
Section 194I of the Income Tax Act outlines the rules for deducting TDS on rent. This provision primarily applies to those paying rent for properties,…
View More Section 194I: An Overview of TDS on Rent