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Budget 2021 Rate of TDS/TCS would be doubled for Non-Filers of Returns [Read Finance Bill]
The Union Budget 2021 has introduced new special provisions to the Income Tax Act, 1961. The new provision is expected to discourage the practice of...
![Levy of Penalty for non-filing of quarterly TDS Statement in Form 27EQ is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Levy-of-Penalty-quarterly-TDS-Statement-Form-27EQ-ITAT-Taxscan.jpg "Levy of Penalty for non-filing of quarterly TDS Statement in Form 27EQ is invalid: ITAT [Read Order]")
TCS shall be applicable only on the amount received on or after 1st October, 2020: Finance Ministry issues Clarifications
The Ministry of Finance has issued clarification on the applicability of Tax Collection at Source on newly introduced provisions relating to Tax Collection at Source (TCS) on certain goods introduced...
Amount on which TCS not collected from buyer to be reported: CBDT notifies Income-tax (17th Amendment) Rules, 2020 [Read Notification]
The Central Board of Direct Taxes (CBDT) on Friday amended the Income-tax Rules, 1962, which came to be known as the Income-tax ( 17th Amendment) Rules, 2020. The Board seeks to amends Tax Collected...
![Amount on which TCS not collected from buyer to be reported: CBDT notifies Income-tax (17th Amendment) Rules, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/07/CBDT-Income-tax-Rules-Amendment-Taxscan.jpg "Amount on which TCS not collected from buyer to be reported: CBDT notifies Income-tax (17th Amendment) Rules, 2020 [Read Notification]")
