TCS at 20% under Income tax Act on sending money outside India under LRS. Applicable on non-resident?
Thus, after 01.10.2023, any remittance made outside India for any purpose i.e. maintenance of family or investment etc. 20% TCS ...
Saturday, December 14, 2024
Tag: TCS
Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers
GSTN has developed the necessary functionality for enrolment of unregistered persons and the same is available on the portal. Accordingly, ...
FAQ on increased TCS rate for Foreign remittance under LRS or foreign tour [Read circular]
ln case of purchase of overseas tour program package which is classified under LRS, TCS provision for purchase of overseas ...
Increased rate of TCS which includes 20% TCS on applicable to be applicable now from 01.10.2023
Increased TCS rates to apply from 1st October, 2023: The increase in TCS rates; which were to come into effect from 1st July, ...
International payments through credit card will now attract 20% TCS under Income tax
Further, Finance Act, 2023 has made amendment in Income tax act to increase the rate of TCS from 5% to ...
FAQ related to Form 27C [TCS on scrap purchase] issued by CBDT on e-filing portal
Form 27C is derived from Rule 37C of the Income Tax rules wherein it has been mentioned that such declaration ...
TCS collected at 0.75% on sale for which invoice raised before 01.04.2021 | Do you need to collect remaining 0.25% TCS if payment received after 01.04.2021
TCS on sale of goods was introduced under section 206C(1H) in Budget 2020, wherein a person had to collect 0.1% ...
TCS rate chart for FY 2021-22 w.e.f. 01.04.2021 | Rate of tax collection at source from 01.04.2021
With Budget 2021, some amendments made with regard to TDS, however no amendment was made in TCS provision. Now let’s ...
TCS on sale of goods from 01.10.2020 – Section 206C(1H)
Sub section 1H to section 206C was inserted by Finance Act, 2020 into Income Tax Act which deals with tax ...
Do you need to collect TCS on export sale u/s 206C?
In the Budget Announced on 01.02.2020, Honorable Finance Minister had announced an amendment in TCS provision wherein TCS was required ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for December 2024 | Income tax, GST and various other laws
- Statutory Audit of Other Non-Current Assets [Company Law]
- Extension of due date for furnishing return of income from 30.11.2024 to 15.12.2024
- PAN 2.0: A Digital Leap in Taxpayer Services
- Statutory Audit of Long-Term Loans and Advances [Company law]
- Condonation of delay for Form 9A/10/10B/10BB for AY 2018-19 and subsequent years
- Statutory Audit of Non-Current Investments in Indian Companies [Company Law]
- Statutory Audit of Intangible Assets Under Development in Indian Companies [Company Law]
- FAQ issued by CBDT on Vivad se Vishwas Scheme, 2024 [Read circular]
- CBDT extends due date for filing Income tax return for AY 2024-25 till 15th November 2024
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