A number of finance-related changes will come into effect this October. The changes – from new tax collection at source (TCS) rules to birth certificates becoming a single document for various ...

TCS is an additional tax collected by sellers on specified goods at the time of sale, remitted to the government. TCS applies not only to the sale of goods but also to agreements for lease, licenses, ...

From January 1, 2025, your high-end indulgences will come with a tax twist. Whether you're buying a ₹12 lakh wristwatch, a collector’s sculpture, or even a polo horse, the government wants to know—and ...

TCS on foreign remittances has been in the limelight after the government’s announcement to increase TCS rate from 5 per cent to 20 per cent for payment under Liberalised Remittance Scheme (LRS) ...

Dreading shelling out an additional 15% for your next overseas trip? Here's what the rule is all about and what to do instead. Travelling abroad; a cultural and culinary foray; a search for ...

To mitigate the hardships to taxpayers, Central Board of Direct Taxes (CBDT) on Thursday provided clarification on orders under Section 119 of the Income-Tax Act, 1961 issued relating to the issue of ...

New Delhi: July is a crucial month for tax compliance. Whether you're a salaried individual, a business owner, or a government office, several important tax deadlines fall this month. From TDS ...

Starting April 22, 2025, luxury goods priced above Rs 10 lakh will be subject to a 1% Tax Collected at Source (TCS). This development follows the Finance Act, 2024, with the Central Board of Direct ...