All about TAN in Income Tax
If you are paying a salary or a commission to anyone else, you should have a TAN. Here is the…
Tag: TCS
GST Council to clarify on TCS liability of e-commerce suppliers on ONDC
The GST Council on July 11 is expected to clarify on the TCS liability of suppliers engaged in e-commerce trading…
Circular to remove difficulty in TCS on LRS
CBDT issued a Circular no. 10 of 2023 dated 30.06.2023. The Circular is to remove the difficulty in implementation of…
Extension of time limit for submission of certain TDS/ TCS statements
CBDT published a Circular no. 9/2023 dated 28.06.2023 to extend the time limit for submission of TDS/TCS statements. Circular no.…
Clarification regarding applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS
Concerns have been raised about the applicability of Tax Collection at Source (TCS) to small transactions under the Liberalized Remittance…
Waiver of interest for E-Commerce Operators for failure to furnish the TCS statement
The Government, on the recommendations of the Council, hereby notifies the rate of interest per annum to be ‘Nil’, for…