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News
Tax Collected at Source
Tax Collected at Source News
GST Network
27 Jun 2017
Software testing complete, ready for smooth GST rollout: GSTN
The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on.
Cash purchases
19 Feb 2017
Buying jewellery over Rs 2 lakh cash to attract 1% TCS from April 1
Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from?April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh.
E-commerce
26 Nov 2016
E-commerce firms to deduct 2% TCS while making payments to suppliers
E-commerce business firms will have to deduct TCS (tax collected at source) while making payments to their suppliers.
TCS
27 Jun 2016
TCS to be levied above Rs 2 lakh only if payment in cash: CBDT
CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the total payment is more than this amount.
TDS deposit
01 Oct 2014
Date for TDS deposit extended to Oct 10
The Central Board of Direct Taxes (CBDT) has extended the due date of deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, by three days to October 10 from October 7.
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