tds return filing

Know all about TCS on sales of goods

Know all about TCS on sales of goods

The Ministry of Finance has recently made some amendments to the Finance Act to smoother the tax collection process. The amendment is the introduction of a new sub-section (1H) in section 206 C. The sub-section defines that the person whose annual sale of goods is more than Rs 50 Lakh compared to last year, then … Read more

TDS payment and return filing due date extended

TDS payment and return filing due date extended

Due to the Covid-19 pandemic, the CBDT has issued the notification for For filing of belated tax returns and revised return for the assessment year 2020-21, which was required to be filed on or before 31 March 2021, the extra time has now been given till 31 May 2021. In this article, we will discuss … Read more

Government Now Reduces Rate of TDS and TCS

rate of tds tcs reduced

There’s a great relief for the Indian taxpayers! The government has reduced the rate of TDS & TCS rates under its newly introduced Atmanirbhar Bharat: The Special economic & comprehensive Corona relief package worth ₹20 lakh crores. The Finance Minister of India Smt. Nirmala Sitharaman had explained the minute details of the Atmanirbhar Bharat economic … Read more