Changes in TDS Rates for FY 2025-26
Tax Deducted at Source (TDS) plays a crucial role in India’s taxation system, ensuring tax collection at the point of income generation. The new TDS rates, effective from April 1, 2025, have been updated to streamline tax compliance and improve transparency. Here’s an in-depth look at the latest TDS rates and their impact on taxpayers. […]
March 2025 Tax Calendar – Important Deadlines for Income Tax & GST
March 2025 Tax Compliance Calendar – Key Deadlines Income Tax Compliance 📅 March 7, 2025✅ Last date for depositing TDS/TCS for February 2025.✅ Government offices paying without a challan must deposit on the same day. 📅 March 15, 2025✅ Fourth installment of advance tax for AY 2025-26.✅ Full advance tax payment for taxpayers under presumptive […]
TCS Rate Chart for the Financial Year 2023-2024 (Assessment Year 2024-2025)
Tax Collection at Source (TCS) is an additional tax collected by sellers of specified goods from buyers, over and above the sale amount. This extra amount is then remitted to the government as per the provisions outlined in Section 206C of the Income Tax Act, 1961. Here’s a brief overview: For detailed information on TCS […]
AIS app for the Taxpayers
Good news for taxpayers: the income tax department has introduced a new mobile app known as the Annual Information Statement (AIS) app, which offers detailed insights into their financial transactions. While the Form 26AS provided by the income tax department typically displays only TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) information, […]
