Topic 1 - Issues under Domestic TDS & TCS provisions [TDS under Section 193, 194-O, 194R, 194-Q, 194BA, 194J etc. TCS provisions u/s 206C(1G) and 206C(1H)] Topic 2 - Penalty, Prosecution and Compounding procedures under TDS/ TCS regime [Delayed filing of returns/ Delayed paymen...
TDS and TCS are two of the most significant sources of income for the government. And, it’s crucial for businesses to make such on-time tax payments to avoid penalties and stay compliant. Read as we take a deep dive into the difference between TDS and TCS and their importance for ...
The Tax deducted at source (TDS) and Tax collected at source (TCS) provisions would be applicable from 1st of October as notified by the Government. Below are the details of TDS and TCS procedures. TDS Procedure for Implementation Tax Deducted At Source A department or establishment working ...
Complete TDS / TCS related latest resources and information. It covers Forms - 24Q, 26Q, 27Q, 27EQ, TDS & TCS certificates - Form 16, 16A, 27D
Here is the detailed article on TDS & TCS under the GST law – a complete guide to understand the latest provisions & implementation of the same.
Find all the details of TCS’ annual reports, quarterly results, and financial statements and know how the brand is positioned for long-term sustainable growth.
GST TCS can be calculated for a given period, which can be week, fortnight or a month. GST TDS is applicable only for Registered Suppliers The calculation of GST TCS is provided on Bank or Cash Payment and Receipt Vouchers. To set up GST TDS/TCS This setup is required for calc...
If charges are not part of TCS calculation selection “Yes” under field “Exclude charges for TDS or TCS calculation” Click on “Designer” button on action pane and define TCS calculation formula. Define Threshold definitions: Navigate toTax > Setup ...
This account was created in the chart of accounts and has the India withholding tax (TCS) posting type. Return to the Withholding tax groups page. In the Include GST tax component for TDS or TCS calculation field, include the GST tax component if it's part of the calcul...
The time limit for filing tax returns under subsection (1) of section 139 of the Act has expired for both assessment years. The aggregate of TDS and TCS in this case is 50,000 Indian rupees (Rs. 50,000) or more in each of the two previous years. ...