Tax Collected at Source under Goods and Services Tax Act 2017 and under Income Tax Act, 1961.
CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
Income Tax : This guide explains the exclusive tax benefits, deductions, exemptions, concessional tax regimes, and compliance relief available ...
Income Tax : The Income-tax Act, 2025 replaces old TDS/TCS provisions with Section 395 and Form 128 while retaining the existing mechanism for ...
CA, CS, CMA : A complete guide to the major Income Tax and GST compliance deadlines falling in July 2026, including ITR filing, TDS/TCS, GST ret...
Income Tax : From 1 April 2026, TDS and TCS compliance shifts to new form numbers and section references under the Income-tax Act, 2025. Busine...
Income Tax : Rule 219 prescribes Forms 138, 140, 142–144, fixed quarterly due dates, special challan-cum-statements for specified transaction...
Income Tax : Rules 212–213 introduce Form 127 for buyer declarations to avoid TCS and Form 128 for obtaining lower or nil TDS/TCS certificate...
Income Tax : Stakeholder-wise and thematic overview of Budget 2026 tax reform proposals covering farmers, MSMEs, corporates, NRIs, exporters, a...
Income Tax : The C&AG’s audits ensure proper assessment, collection, and allocation of direct taxes, identifying evasion risks and improving ...
Income Tax : Learn about new rules restricting TDS/TCS correction statements under Income-tax Act Section 200(3) from April 2025. Key dates and...
Income Tax : The Chhattisgarh High Court held that TCS under Section 206C(1C) cannot be collected on compounding fees recovered from illegal mi...
Income Tax : The Chhattisgarh High Court ruled that TCS under Section 206C(1C) applies only to lease holders, licence holders, or persons grant...
Income Tax : The Supreme Court upheld that Section 206C(1C) applies only to lawful mining arrangements involving lease or licence. It ruled tha...
Income Tax : The High Court held that Section 206C(1C) applies only to lawful mining arrangements involving lease or licence. It ruled that com...
Income Tax : The Supreme Court declined to interfere with a High Court ruling that TCS under Section 206C(1C) does not apply to compounding fin...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Goods and Services Tax : The advisory explains that registrations will be automatically suspended if bank account details are not furnished within 30 days....
Income Tax : CBDT Circular 9/2025 offers partial relief for higher TDS/TCS on inoperative PANs, extending compliance deadlines for taxpayers wh...
Income Tax : The Central Board of Direct Taxes notifies tax collection at source on the sale of certain goods exceeding 竄ｹ10 lakh, effectiv...
Income Tax : Latest income tax rule changes effective April 2025. Form 27EQ updated with new categories for tax collection at source on various...
Article explains Important Information to Download Form 16C from TRACES Website, Brief Steps to Download Form 16C and Pictorial Guide to Download Form 16C. 1. Important Information to “Download Form 16C” Request for Downloading Form 16C (TDS on Rented Property ) can only be submitted when 26QC Statement Cum Challan is processed. “Form 16C” can […]
Brief Steps to check Total Outstanding Demand Step 1. Login on Traces website as deductor. Step 2. Click on ‘Dashboard‘. Step 3. After clicking on ‘Dashboard‘. There is a tab of ‘Total Outstanding Demand‘. Step 4. Click on ‘Total Outstanding Demand‘ demand table will appear on the screen, – User can click on ‘Prior year’ […]
Article contains Important Information for Online TDS/TCS/Demand Payment With Challan ITNS 281, Brief steps for ‘Online TDS/TCS/Demand Payment With Challan ITNS 281’ and Pictorial Guide for ‘Online TDS/TCS/Demand Payment With Challan ITNS 281’. 1. Important Information for “Online TDS/TCS/Demand Payment With Challan ITNS 281”. Challan No. ITNS 281 is used by the Deductors to deposit […]
Article contains Important Information for 26QB- Justification Report, Brief Steps for 26QB- Justification Report and Pictorial guide for 26QB- Justification Report. 1. Important Information for “26QB- Justification Report”. Only Buyer registered on “TRACES” can submit request for Justification Report. Request for Downloading Justification Report can only be submitted when 26QB Statement Cum Challan will be […]
Digital Signature Registration on TRACES Steps of Installation of Install Digital Signature certificate PFX file/Hard Token 1. Requirement for usage of Digital signature certificate : Valid Digital Signature should be obtained from Third Party Vendor. Only class 2 or class 3 digital Signature certificates taxguru.in are allowed for the purpose of registration on TRACES. TRACES […]
Article explains Important Information on Request for Resolution for Taxpayer, Brief Steps for Raising ‘Request for Resolution, and Pictorial Guide for ‘Raising Request for Resolution’ and ‘Resolution Tracking’ 1. Important Information on “Request for Resolution” for Taxpayer Only a Registered Taxpayer can avail the facility of raising “Request for Resolution” under “Online grievances module”. This […]
Important information on 26QB Correction Buyers registered on TRACES only can avail the facility of ’26QB correction’ under ’26QB’ Menu after login. Request for 26QB correction can be raised from Assessment Year 2014-15 onwards If Buyer files 26QB correction and seller is Known, correction can be submitted through e-Verify (Net Banking) /AO Approval / DSC (If […]
As per Notification number 09/2019 CBDT date 06 May 2019 has issued guidelines on issuance of Form 16 Part B from traces Portal. As per Notification number 36/2019 Dated 12th April 2019 CBDT has updated the Form 16 Part B format and the Form 24Q format. The revised template are framed in such a way […]
E-Tutorial on Important Information for 26QB Correction (Second Time), Brief steps for 26QB Correction (Second Time), 3. Description for Requested Status of 26QB Correction (Second Time), 4. Pictorial guide for 26QB Correction (Second Time) and Pictorial guide for Approval by Seller/Buyer for 26QB Correction (Second Time). 1. Important Information for “26QB Correction (Second Time)”. ♦ […]
Article explains Important Information for 26QB Correction, Brief steps for 26QB Correction, Description for Requested Status of 26QB Correction, Pictorial guide for 26QB Correction, Procedure for 26QB Correction with E- verified (Internet Banking), Pictorial guide for 26QB Correction with E-Verified (Internet Banking), Pictorial guide for 26QB Correction with DSC (Digital Signature Certificate), Pictorial guide for […]
