WebMar 29, 2024 · TCS Rates under Income Tax Act for AY 2024-25 or FY 2024-24. By Manu Sharma - On March 29, 2024 5:26 pm - 2 mins read . The Tax Collection at Source or TCS is an extra amount collected as tax by a seller of specified goods from the buyer at the time of sale over and above the sale amount and is remitted to the government account. As per … WebApr 15, 2024 · TCS payment under income tax for March 2024. 15 April 2024 What is the due date for payment of Tax Collection at source (TCS) under income tax for March 2024? You need to be the querist or approved CAclub expert to take part in this query .
Tax Collected At Source (TCS) - Rates, Payment & Returns Due Date
WebFeb 6, 2024 · Make an Appointment. Taxpayer Assistance Centers operate by appointment. Follow these guidelines: If your area has a high or substantial transmission rate or you … WebApr 3, 2024 · New inserted TCS provisions as applicable from 01.10.2024. 1. Section 206C (1G) (a) – TCS on foreign remittance through Liberalised Remittance Scheme (LRS) 2. Section 206C (1G) (b) – TCS on selling of overseas tour package. 3. Section 206C (1H) – TCS on sale of any goods [except goods on which TCS applicable as per Section 206C … steve ney primghar iowa
What Deductions Can Salaried Employees Avail While Filing Income Tax …
WebApr 12, 2024 · Tata Consultancy Services (TCS) kickstarted the earnings season of the March quarter of the fiscal year 2024-23 (Q4FY23) on April 12. The IT bellwether posted a … WebJun 30, 2024 · In the section, it is provided that if TDS is deducted on the transaction under any other section of the Income-tax Act (Other than TCS collected under section 206(c)(1H) of the act then TDS is not required to be deducted on the transaction. ... As per the Income-tax Act, TDS must be deducted on Invoice and Payment whichever is earlier. If by ... WebAug 31, 2024 · Hence, TCS works as a tool to levy income taxes on some specified goods and transactions. Section 206C is an exhaustive provision covering every aspect of ‘tax collection at source’ (TCS). It specified the goods to which TCS was applicable, the rates at which TCS must be collected, the procedure by which the TCS should be collected, and … steve nichols corry pa