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Bought a car above Rs 10 lakh? You may be missing this tax credit
Car buyers paying over Rs 10 lakh are being reminded to check the 1% TCS collected at purchase. The credit, linked to PAN ...
Under Section 206C of the Income Tax Act, automobile dealers are required to collect 1% TCS on the purchase of motor vehicles ...
Indian taxpayers have updated tax compliance framework as per the new Income-Tax Act 2025 and I-T Rules 2026, which came into effect on 1 April. The changes aim to expand digital reporting, make the ...
Key dates include May 7 for depositing TDS/TCS for April and filing declarations under the Income-tax Act, May 15 for issuing ...
May 2026 brings key income tax deadlines, including TDS and TCS payments, quarterly filings, and certificate issuance.
The last major date in the month is 30 May 2026. By then, TCS certificates for the fourth quarter of FY 2025-26 must be ...
Taxpayers and businesses must comply with several important filing and reporting deadlines throughout May 2026, including TDS ...
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