TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar

CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar

August 8, 2024Posted inIncome Tax, Income Tax Act 1961, Non-filing of TDS Return, quarterly TDS returns, TCS Certificate, TDS ON SALARY INCOME, TDS payment reconciliation1 Comment
The Central Board of Direct Taxes (CBDT) has issued Circular No. 8 of 2024 on August 5, 2024, providing relief regarding the provisions of Tax Deducted at Source (TDS) and…
How to Check TCS on Forex transactions and foreign travel?

How to Check TCS on Forex Transactions and Foreign Travel

October 10, 2023Posted inAIS, Annual Information Statement, Annual Information Statement (AIS), Foreign Travel, Forex Transactions, Form 26AS, Form 27D, Income Tax Act 1961, Tax Collected at Source, Tax Deducted at Source, Tax Information Statement, TCS CertificateNo Comments
Starting from October 1, 2023, a Tax Collected at Source (TCS) rate of 20% will be imposed on all foreign payments, except those related to medical and educational expenses. This…