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Compounding Fees from Illegal Mining Treated as ‘Transfer of Rights’: ITAT confirms TCS Liability u/s 206C(1C) of Income Tax Act Against Mining Officer [Read Order]

Advika Dwivedi

The Raipur bench of the Income Tax Appellate Tribunal, has ruled that compounding fees collected from illegal mining, transportation, and storage of...

Link your PAN with Aadhaar by 31st May: Here's why It's Important for Income Tax Deductions

TCS Refund under GST: A Navigation through its Impact on E-commerce and Other Businesses

Income Tax Dept releases FAQ for Form 27C

CBDT issues Circular to Remove Difficulty in Implementing new Changes of TDS under LRS and on...

Finance Ministry Clarifies TCS Collection to Small International Debit/Credit Card Transactions under LRS

Following the Frequently Asked Questions (FAQs), the ministry clarified the Tax Collection at Source (TCS) collection for modest foreign debit/credit transactions under the Liberalised Remittance...

Finance Ministry - TCS Collection - Small International Debit or Credit Card Transactions - LRS -Taxscan

Finance Ministry releases FAQ clarifying TCS on LRS - PART 2

This is the continuation of the Frequently Asked Questions (FAQs) released by the Ministry of Finance regarding the Tax Collection at Source on Liberalised Remittance Scheme (LRS) consequent to the...

Finance Ministry releases FAQ - TCS - LRS - Finance Ministry - releases - FAQ - TCS on LRS - taxscan

Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the lack of identical income tax rule is not a valid ground for denial of legitimate Tax collection at source (TCS)...

CBDT identifies Non-Filers through Non-Filers Monitoring System (NMS) by using Data Analytics

The Central Board of Direct Taxes ( CBDT ) has identified Non-Filers through Non-Filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY...

No TCS on Exempted Supplies, Supplies Taxable under RCM & Imports / Exports: CBIC issues FAQs

The Central Board of Indirect Taxes and Customs (CBIC) has issued a set of Frequently Asked Questions (FAQ) on the topic, Tax Collection at Source ( TCS ) wherein the Board has clarified that TCS...

Due date for E-Payment of TDS & TCS for October Extended [Read Notification]

The Central Government, last day extended the due date for payment of Tax Deducted at Source (TDS) and Tax Collection at Source (TCS) due to technical glitches in NDSL’s gateway for e-payment of tax...

Online Travel Agents liable to Deduct 1% TCS under GST: Provision kept in abeyance for the Time being, says CBEC [Read FAQs]

The Central Board of Excise and Customs (CBEC) today clarified that, the Travel agents providing online ticketing and other services will be liable to deduct 1 per cent tax at source under the GST...