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Budget 2026 – Significant Changes in TDS and TCS Provisions

The Union Budget 2026 has introduced important changes in Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions. The government...

Budget 2026: No Change on Income Tax Slabs and Standard Deduction

Budget 2026: Govt Slashes TCS on Foreign Tours, Education Remittances to 2% [Read Finance Bill 2026]

Decriminalisation of TCS Payment Delays: FM Fulfills Budget 2025 Promise

Marketplace vs Inventory Model under GST: Where Tax Risk Is Highest

GSTN Enables Online Filing Window for Opt-In Declaration of Specified Premises

The Goods and Services Tax Network (GSTN) has enabled an online facility on the GST Portal for filing the opt-in declaration for “Specified Premises” related to hotel accommodation services. This...

GSTN: Automatic GST Suspension if Bank Account Details Not Furnished within 30 days of Registration

Meta: GSTN: Automatic Suspension if Bank Account Details Not Furnished Within 30 days of Registration TheGoods and Services Tax Network (GSTN) has announced that GST registrations will be...

GST Compliance Calendar for December 2025

Timely compliance is essential for maintaining accuracy and transparency under the Goods and Services Tax (GST) framework. December is a particularly important month because it includes regular...

Buying a Car Over ₹10 Lakhs? Don’t Forget the Hidden 1% TCS Cost

Introduction When a big purchase like a car is on the horizon, most of us research models, compare mileage versus luxury, check loan EMIs, and perhaps even negotiate accessories with the dealer....

What Happens If You File Your ITR Without Checking Form 26AS, AIS, and TIS?

Filing your Income Tax Return (ITR) may seem as simple as uploading a few documents and clicking “submit.” But what if we told you that skipping one critical step could result in notices from the...

Form 26AS - AIS - TR Without Checking Form 26AS - taxscan

Income Tax Return Filing: Complete ITR Form 5 Checklist

More than merely a required task, filing your income tax return (ITR) can lead to a number of important advantages that can enhance your financial security and future prospects. For different...

TCS Applicable on Luxury Goods Above ₹10 Lakh from April 22, 2025: CBDT New FAQs

The Central Board of Direct Taxes (CBDT) has issued a detailed Frequently Asked Questions (FAQs) document clarifying the applicability of Tax Collected at Source (TCS) on the sale of high-value...