Tax Deducted at Source (TDS)

This post will go through the key changes to the Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS).

We'll talk about the extension of the deadlines for reporting different TDS/TCS (Tax Deducted at Source/Tax Collected at Source)

We will look at some of the recent modifications made by the Central Board of Direct Taxes (CBDT) in Form 24Q Annexure-II and Form 12BA in this post.

In this post, we will look at the basic differences between TDS and TCS.

Section 197 of the Income Tax Act of 1961 - Nil or lower rate TDS deduction is covered in this section.

We'll look at TDS Form 24Q. The employer can file a TDS return on salary payments by using Form 24Q.

we will look at Section 193 -TDS on Securities Interest. The deduction rate, penalty, and exemptions will also be discussed.

We have covered the information a deductor needs to know about TDS deductor in this post.

We will go through TDS on rent under Section 194I in detail, including how much to deduct and when not to deduct it.

We'll go through how to submit a TDS return, who has to do it, the requirements, and the details