IntroductionThe complete form of TCS is Tax collected at Source. The Indian Government of India has decided to collect TCS from the customers for the purchase of a product or service basing on certain conditions. In simple words, TCS will be calculated on the...
Introduction An income tax return (ITR) form helps the taxpayer for declaration of his or her expenses, incomes, investments, taxes, deduction of taxes etc. Acco...
TDS Return Filing OnlineThe filing of TDS return is mandatory for all taxpayer who are falling under the income tax slab as prescribed by the Income Tax Department. It is mandatory to file electronic TDS returns and the same can be done through the official database of Income Tax e-fili...
Income Tax Slabs and RatesIn India, Income Tax Slabs are announced by the Finance Minister of India every financial year. Presently, there are two regimes of income tax such as new regime and old regime. The tax benefits cannot be availed under the new tax regime. However, ta...
Introduction With the expansion in communication and information technology, the procurement and supply of digital goods and services have drastically changed an...
Interest on TDS RefundAccording to the provisions under Section 200A of the Income Tax Act, if the Income Tax Department delays or is late in paying the refund tax amount, then the taxpayer is entitled to get a simple interest of 6% per annum on the specified refund amount. ...
