New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has urged businesses to file their return forms relating to taxes to be deducted or collected at source (TDS and TCS) for ...

How you should use AIS to file tax returns Form 26AS is an annual tax statement which primarily provides details of TDS, and tax collected at source (TCS), along with the corresponding income ...

Taxpayers no longer need to wait to file ITR to claim a refund for tax collected at source TCS considerably reduced interest in remittances for investments in the last financial year.

Now after this amendment, only penal interest will be imposed, prosecution will not happen, provided TCS is deposited befoew the due date to file TCS return.

Credit Card The tax department is considering a proposal under which credit card holders will have to file a declaration with the issuer entity within a stipulated time, specifying the nature of ...