Recently, many taxpayers had complained that they had paid TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) on time, but due to technical glitches this amount was deposited late in ...

TDS refers to the amount of tax, deducted at the time of income payout. Here’s a guide to know more about the TDS payment online process.

Starting 1 October, salaried individuals can adjust tax collected at source (TCS) payments against the tax deducted at source (TDS) on their salaries, something they could previously do when ...

Budget 2025: The delay for payment of TDS up to the due date of filing statement was decriminalized in July 2024. The same relaxation was extended to TCS provisions as well.

New Delhi, Jun 26 () With just 4-days left for GST rollout, the government has deferred implementation of TDS and TCS provisions as well as exempted from registration small businesses selling on ...

CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, aiding in reducing tax deductions from salaries and increasing take-home pay.

She said that in July 2024, the delay for payment of TDS up to the due date of filing statement was decriminalised and proposed to provide the same relaxation to TCS provisions as well.