Summary: The Indian government has expanded the scope of Tax Collected at Source (TCS) under Section 206C(1F) of the ...

New TDS and TCS Rules: Finance Minister Nirmala Sitharaman announced changes in some rules of TDS and TCS in the Union Budget ...

The Union Budget 2025 has introduced several key amendments to India’s TDS (Tax Deducted at Source) and TCS (Tax Collected at ...

The Income Tax Department releases some frequently asked questions (FAQs) on which are the list of specified goods on which ...

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 ...

The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collected at ...

The Income Tax Department has notified the applicability of Tax Collected at Source (TCS) at the rate of 1% on the sale of ...

Sellers must collect and deposit TCS by the 7th of the following month, issue the buyer a TCS certificate, and file quarterly ...

The new Form 16 includes additional details compared to previous versions, providing taxpayers with a more comprehensive ...

Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.

The changes effected in the Form 16 format will ensure that the information about different taxes, deductions and exemptions ...

Luxury items priced over Rs 10 lakh, including wristwatches, handbags, shoes, sunglasses, art, paintings and home theater ...