Search Results for Tag : TCS
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Increased Tax Collection at Source rates set to apply from 1st October, 2023(28.06.2023)
Certain changes were announced to the system of Tax Collection at Source (TCS) on payments under the Liberalised Remittance Scheme (LRS) and on overse.....
Tags : TCS, Rates, Applicability
News
CBDT: No TDS or Advance Tax Credit For Disclosure Made Under PMGKY(19.01.2017)
Central Board of Direct Taxes (CBDT) has clarified that no credit will be allowed against advance tax paid or Tax Deducted at Source (TDS) or Tax Coll.....
Tags : Central Board of Direct Taxes, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme, TDS, TCS
Kerala HC Stays GST Levy on TCS Amount Collected by Vehicle Dealers(22.01.2019)
Kerala High Court has stayed the levy of Goods and Services Tax (GST) on the amount collected by them as Tax Collected at Source (TCS) from vehicle pu.....
Tags : Kerala High Court, GST Levy on TCS Amount Collected by Vehicle Dealers
Bombay High Court Gives Approval to TCS, CMC Amalgamation Scheme(22.09.2015)
Bombay High Court on petition filed by Tata Consultancy Services (TCS), has approved Scheme of Amalgamation of CMC Limited with TCS.
Tags : Bombay High Court,TCS, CMC
ITAT, Agra: No Late Fee for Failure to File TDS/TCS Returns Prior to 1st June(24.03.2022)
Income Tax Appellate Tribunal, Agra has held that the late fee shall not apply under section 234E of the Income Tax Act, 1961 for the failure to file .....
Tags : Income Tax Appellate Tribunal, Failure to File TDS/TCS Returns
Punjab and Haryana HC Issues Summon to State Excise Chief over Liquor Shops on Highways(15.12.2015)
Punjab and Haryana HC has summoned Excise and Taxation Commissioners (ETCs) of Haryana and Punjab over their failure to stop liquor vends along the na.....
Tags : Punjab and Haryana HC, Excise and Taxation Commissioners (ETCs) of Haryana and Punjab
Toll Plaza Does Not Include Tahbazari for the Purpose of Collecting TCS: Allahabad High Court(14.08.2018)
Allahabad High Court has held that toll plaza does not include Tahbazari for the purpose of collecting Tax at Source (TCS).
Tags : Allahabad High Court, TCS
GSTN Reminds E-Com Operators to File TCS Return by 10th June(09.06.2022)
Goods and Service Tax Network (GSTN) has reminded the e-commerce operators to file TCS return in form GSTR-8 on or before 10th June 2022.
Tags : GSTN, TCS Return, GSTR-8
Notifications & Circulars
CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar(07.08.2024)
The Central Board of Direct Taxes (CBDT) has relaxed provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar......
Tags : Provisions, TDS/TCS, Relaxation
Clarification on doubts arising on account of new TCS provisions(30.09.2020)
There are reports in certain sections of media wherein certain doubts have been raised regarding the applicability of the provisions relating to Tax C.....
Tags : Clarification, Doubts, TCS provisions
Order under Section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements(28.06.2023)
The Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income-tax Act, 1961 provides relaxation in respect of the follo.....
Tags : Extension, Time limits, TDS/TCS Statements