TCS

CA Bodies Appeal To Finance Minister To Amend TCS Norms, Extend I-T Return Due Date

MUMBAI: The new provisions relating to tax collection at source (TCS) kick in from October 1. The dire economic situation arising out of the pandemic and certain ambiguities in these provisions has led several CA associations to make a joint representation to the finance minister. When a seller has an annual turnover exceeding Rs 10 crore and …

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TDS, TCS Reduced By 25% – Table Of Existing & New Reduced Rates (2020-2021)

To provide more funds at the disposal of taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, rates of TDS have been reduced by 25% for following non-salaried specified payments. Here is the table of existing & new reduced rates : TDS Rate Chart For FY 2020-21 Pre & Post 14th May …

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