Tax Collected at Source

Software testing complete, ready for smooth GST rollout: GSTN

The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on.

 

Jun 27, 2017, 20:30 PM IST

Buying jewellery over Rs 2 lakh cash to attract 1% TCS from April 1

Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from?April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh.

Feb 19, 2017, 12:55 PM IST

E-commerce firms to deduct 2% TCS while making payments to suppliers

E-commerce business firms will have to deduct TCS (tax collected at source) while making payments to their suppliers. 

Nov 26, 2016, 22:53 PM IST

TCS to be levied above Rs 2 lakh only if payment in cash: CBDT

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the total payment is more than this amount.

Jun 27, 2016, 15:05 PM IST

Date for TDS deposit extended to Oct 10

The Central Board of Direct Taxes (CBDT) has extended the due date of deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, by three days to October 10 from October 7.

Oct 01, 2014, 14:44 PM IST