One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...
India's taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous ...
The government has introduced significant changes in TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rules, ...
Finance Minister Nirmala Sitharaman, in the Union Budget 2025, made important changes to the Tax Deducted at Source (TDS) and ...
Taxpayers attention! Form 16 and Form 24Q formats changed; some other major updates in CBDT circular
The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of the financial year ...
The Income Tax Department is set to initiate a nationwide crackdown on individuals and businesses that have failed to deduct ...
March 7, 2025, is the deadline for depositing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for February ...
The Income Tax Department is set to launch a nationwide action against nearly 40,000 taxpayers who have failed to deposit their TDS/TCS. A 16-point strategy has been devised, leveraging data ...
The focus will be on habitual violators, cases showing significant gaps between tax deductions and advance tax payments, ...
The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The ...
The income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS.
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