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20% TCS on Forex Transactions from July 1: Know the Consequences if you don't do this
The Central Government through vide Finance Act, 2023 has enhanced the percentage of Tax Collected at Source (TCS) from 5% to 20% on foreign...
![Failure to File TDS/TCS Prior to Amendment of S. 200A of Income Tax Act shall not subject to Late Fee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/File-TDS-TDS-TCS-Amendment-of-S-200A-of-Income-Tax-Act-Amendment-Income-Tax-Act-Income-Tax-Late-Fee-ITAT-Tax-Taxscan.jpg "Failure to File TDS/TCS Prior to Amendment of S. 200A of Income Tax Act shall not subject to Late Fee: ITAT [Read Order]")
![Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Rule-TCS-Claim-ITAT-TAXSCAN.jpg "Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]")
![Rule 37BA under IT Rules applicable both TDS and TCS claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/IT-Rules-TDS-TCS-claim-TCS-claim-ITAT-Income-Tax-Tax-Taxscan.jpg "Rule 37BA under IT Rules applicable both TDS and TCS claim: ITAT [Read Order]")
Union Budget 2023: Govt Proposes Measures for Widening & Deepening Of Tax Base And Anti Avoidance [Read Finance Bill]
In a significant move, the Union Budget 2023 has proposed the measures for widening & deepening of tax base and anti avoidance. It is proposed to extend the deemed income accrual provision...
