Tag TCS

New TDS & TCS Deductions from 1st July

New TDS & TCS Deductions from 1st July

The CBDT (Central Board of Direct Taxes), via finance Act, 2021, has introduced new sections under the Income-tax Act, which contains provisions related to the TDS & TCS for non-filers of the income-tax returns and TDS on payment of a…

How to Download Form 26AS under the New Income Tax e-Filing portal?

Compliance Check

The Income-tax department has come up with a new e-Filing portal (ITR e-filing 2.0) which is effective from 7th Jun, 2021. Under the new Income tax portal, downloading Form 26AS has also been simplified. The New Income-tax e-Filing portal will be taxpayer-friendly integrated with immediate processing of Income Tax Returns (ITRs) so…

Section 206AB & section 206CCA Explained

Section 206AB & section 206CCA Explained

Section 206AB & section 206CCA inserted in the Income-tax Act, 1961 via Finance bill, 2021 will be effective from the 1st day of July, 2021. Section 206AB & section 206CCA of the Income-tax Act, 1961 imposes a higher rate of…