Impact of TCS on SMEs: Challenges and Business Impact Introduction Impact of TCS on SMEs goes beyond basic tax compliance. For small businesses, the impact is on cash flow, vendor payments, pricing, accounting, and daily business decisions. Compared to large […]

Difference Between TCS and TDS Under the Income Tax Act, 2025 Introduction Understanding the differences between TCS and TDS is essential for businesses, professionals, taxpayers, and finance teams responsible for tax compliance. Both Tax Deducted at Source (TDS) and Tax […]

TDS on Purchase of Goods Under Section 393 of Income Tax Introduction The Government has introduced a significant restructuring of the TDS framework through the Income Tax Act, 2025. One of the major updates under the new law is that […]

TCS (Tax Collected at Source) On sale of Goods- New Income Tax Compliance w.e.f 01.10.2020 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 […]