Though applied during transactions, they differ in usage, liable parties, and the nature of the payments they cover.For both individuals and businesses, understanding how TDS and TCS function is ...

Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed view of earnings, taxes, and investments, allowing taxpayers to ...

Explore the ongoing challenges faced by Indian businesses and government contractors under the GST law, including frequent ...

The official Goods & Services Tax portal will permanently block the filing of GST return that, which is more than three years past its stipulated due date.

From rent fudging to hidden income, the tax department's digital dragnet is tighter than ever, mistakes can cost big. Here's ...

Big marketplaces such as Facebook and Google do not allow tax to be deducted from payments made to them, so businesses are left with no option but to deposit the TDS out of pocket and get it ...

Tata Consultancy Services (TCS) has formed a strategic partnership with Denmark's Salling Group to assist in digital transformation and AI-driven cloud migration across its retail operations. The ...

Following this, the TDS certificate, Form 16, must be issued by June 15. Salaried employees in India are poised to receive their Form 16 documents for the Financial Year 2024-25 by June 15, 2025.

The GST Council has also recommended that all businesses with a turnover of more than Rs. 40 Lakhs should register for GST, irrespective of their state of registration. This threshold is known as ...

Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace ...

India’s GST journey in the last 8 years is a commendable case of cooperative federalism and ambitious reform. Yet, to make GST a truly good and simple tax, the focus must now shift to ...