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)Tag: Section 206CB
9 Amendments relating to TDS and TCS proposed in Budget 2015-16: Effective from June 01, 2015
Given below are the list of changes applicable from 1st June, 2015 for TDS and TCS amendments: 1. Requirement for obtaining evidence/ particulars by employer…
View More 9 Amendments relating to TDS and TCS proposed in Budget 2015-16: Effective from June 01, 2015Amendment relating to processing of TCS returns -Section 206CB w.e.f. June 01, 2015
A new Section 206CB is proposed to be introduced to facilitate the processing of TCS (tax collected at source) statements on the same lines as…
View More Amendment relating to processing of TCS returns -Section 206CB w.e.f. June 01, 2015