Finance Minister Nirmala Sitharaman introduced significant modifications in Budget 2025, giving financial relief to various ...

In accordance with the recent amendment to section 200(3) of the Income-tax Act by the FINANCE (No.2) ACT, 2024, it has been stipulated that correction statements for TDS/TCS filings must now be ...

The Union Budget 2025 has introduced significant changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS), aimed at easing tax compliance for individuals and businesses. Effective ...

From April 1, key tax changes include higher TDS limits, increased TCS exemption for foreign remittances, no TCS on business ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...

Kotak equities believes that Infosys may possibly choose to adopt the new corporate tax rate and let go of all exemptions. TCS’ effective tax rate will remain unchanged in the current financial ...

Interim Budget 2024: Hike in the TCS (tax collected at source) rate on foreign remittances from 5 percent to 20 percent announced in the last budget is set to be formally incorporated into the ...

Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...

and Tax Collected at Source (TCS), officials said. Around 40,000 such taxpayers, based on deductions from FY22-23 and FY23-24, are under scrutiny. The Central Board of Direct Taxes (CBDT ...

Blockchain freight settlement provides fast liquidity and eliminates expensive freight factoring intermediaries ...

and Tax Collected at Source (TCS) defaulters for failing to deposit tax collections. Tax authorities have identified over 40,000 taxpayers who failed to deduct and deposit taxes collected during ...