One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

It introduces a taxpayer's charter, merges TDS/TCS sections, and aligns terminology with international norms. Likely effective from April 1, 2026, it promises streamlined processes without major tax ...

The income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately 40,000 taxpayers from FY22-23 and FY23-24 are under scrutiny.

India’s Income Tax Department offers the E-Pay Tax service on the e-Filing portal, enabling individuals, businesses, and entities in India to pay direct taxes like advance tax, self-assessment tax, ...

The Income Tax Department is set to launch a nationwide action against nearly 40,000 taxpayers who have failed to deposit their TDS/TCS. A 16-point strategy has been devised, leveraging data ...

The Income Tax Dept is investigating 40,000 taxpayers for TDS non-compliance using data analytics. Learn about penalties, new rules, and compliance measure, Personal Finance News - Times Now ...

The Income Tax Department is set to initiate a nationwide crackdown on individuals and businesses that have failed to deduct ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...