Explanatory memorandum to Budget 2025 exemption from prosecution for delayed payment of TCS Section 276BB of the Act provides for prosecution in case of failure to pay the tax collected at source ...

Blockchain freight settlement provides fast liquidity and eliminates expensive freight factoring intermediaries ...

Income tax rules require taxpayers to submit advance tax if their overall tax liability for the financial year exceeds Rs ...

The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple ... pay rent or make any big payment, TDS is deducted after a certain ...

The deadline to pay the final instalment of advance tax for the financial year 2024-25 is March 15, 2025. The Income Tax Department has reminded taxpayers to clear their advance tax payments before ...

Shorter payment transactions ... Tech Mahindra and Cognizant. TCS received the highest score of 3.44 for modernization of legacy applications use case, followed by Capgemini at 3.33 and Hexaware ...

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 ...