What is the impact of tax collected at sources (TCS) on small and medium enterprises (SMEs)? Introduction Small and Medium Enterprises (SMEs) are businesses with a limited number of employees, revenue, and assets. However, the introduction of Tax Collected at […]

All you need to know about the differences between TCS and TDS  Introduction Income tax, direct taxes, and indirect taxes are all types of taxes that the government collects. Individuals who earn money are required to pay direct taxes to […]

TDS / TCS- Compliance Functionality for Section 206AB & 206CCA for Non-filers using Online Utility   A new tax rule relating to the TDS and TCS has come in to force from 01.07.2021 under which the the taxpayers who has not […]

TAX Deducted on Source- Provisions for TDS on Purchase of Goods TDS- Tax Deducted at Source, is deducted for the payment that exceeds a specified due limit. However, this was the case earlier. But now, from 1st July, 2021, apart […]

With a view to widening the tax net, the Indian government has extended the scope of Tax Collected at Source (“TCS”). The Government of India has added a new sub-section (1H) in section 206C which would be called section i.e […]