2025年3月18日 · Tax collected at source (TCS) is the tax payable by a seller which he collects from the buyer at the time of sale. Learn everything about TCS like its rates, payment, applicability, exemption and example.

2025年3月17日 · What are TDS and TCS with Examples? It is the tax amount that the government collects directly from the recipient’s income immediately when it is earned. The payment is made to the recipient only after deducting prescribed TDS percentage.

2025年3月16日 · Recent Zomato’s TCS Tax Dispute A recent case highlights the importance of TCS compliance and the potential financial risks of non-compliance. Background: In December 2024, India’s tax department ordered Zomato, a leading food delivery platform, to pay ₹8.04 billion ($94.8 million) in taxes and penalties.

3 天之前 · Tax Collected at Source (TCS): This is the tax collected by the seller from the buyer on any purchase of goods. Check the TCS Due Dates and Interest Rates.

2025年3月18日 · The tax reforms announced in the Budget 2025, especially the rationalization of TDS and TCS rates and provisions, are significant steps towards simplifying the tax compliance process. By removing redundant provisions, reducing rates, and raising thresholds, the government is working towards creating a more business-friendly environment while ...

2024年12月3日 · What is TCS Tax? TCS is the tax that is collected by the seller from the buyer. The goods are specified under section 206C of the Income Tax Act, 1961. Let us take an example- Mr. Arun buys 10 kgs of scrap for Rs 1 lakh from Mr. Ajay. Here Mr. Arun is the buyer and Mr. Ajay is the seller.

2024年7月3日 · Tax Collected at Source (TCS) is a tax payable by a seller, which is collected from the buyer at the time of sale of specified goods. Section 206C of the Income Tax Act lists the goods on which TCS must be collected.