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Tax collected at Source

Overseas spending using credit cards not to attract Tax Collected at Source

Overseas spending using credit cards not to attract Tax Collected at Source

Thu, Jun 29, 2023

No TCS on credit card payment, no change in TCS rate under LRS, new rules from October 1 instead of July 1

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Income Tax: What is the difference between TCS and TDS?

Income Tax: What is the difference between TCS and TDS?

Sat, Feb 25, 2023

Income Tax: The Indian Income Tax system is intricate as it covers important aspects of the economy.

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Online travel agents can deduct 1% tax collected at source: CBEC

Online travel agents can deduct 1% tax collected at source: CBEC

Tue, Aug 08, 2017

Online travel agents fall in the category of e-commerce operators and can deduct 1 % tax collected at source (TCS) under the GST, the Central Board of Excise and Customs (CBEC) said on Tuesday.

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GST rollout: TDS, TCS provisions postponed for E-commerce companies

GST rollout: TDS, TCS provisions postponed for E-commerce companies

Mon, Jun 26, 2017

The Ministry said that persons who will be liable to deduct or collect tax at source will be required to take registration, but the liability to deduct or collect tax will arise from the date the respective sections are brought in force.

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GST: Relief for e-commerce companies, not to deduct TCS from July 1

GST: Relief for e-commerce companies, not to deduct TCS from July 1

Mon, Jun 26, 2017

Finance Ministry has given more time to the E-commerce companies to prepare for the GST and tax collection at source (TCS) under the new levy will be started later. GST will be implemented across the country from July 1.

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Govt removes 1% TCS on cash purchase above Rs 2 lakh

Govt removes 1% TCS on cash purchase above Rs 2 lakh

Thu, Mar 23, 2017

The government has done away with the 1 % tax on cash payments of over Rs 2 lakh for purchase of any goods or service after it banned cash dealings above that limit from April 1.

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E-commerce companies to pay up to 1% TCS under GST

E-commerce companies to pay up to 1% TCS under GST

Sun, Mar 19, 2017

Industry has been expressing concern over the TCS provisions saying it would mean a lock-in of capital and also dissuades companies from selling through online aggregators.

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Planning to buy gold? Here's why you should buy it before April 1

Planning to buy gold? Here's why you should buy it before April 1

Mon, Feb 20, 2017

Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods.

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