The rise in the Tax Collection at Source (TCS) exemption limit on foreign remittances from Rs 7 lakh to Rs 10 lakh will ...

The threshold to collect TCS on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...

There are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections ...

The Budget removes TCS on remittances up to ₹10 lakh for foreign education when funded by loans, while retaining a 5% TCS for ...

Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small ...

Budget 2025-26 brings major tax relief, raising the tax-free income threshold and easing TDS and TCS norms. Key updates also ...

Finance Minister Nirmala Sitharaman announces tax revisions to boost household consumption and ease tax compliance for small ...

Manoj Purohit, Partner at BDO India’s Tax and Regulatory Services, commented that this change addresses a long-standing need ...

Finance minister Nirmala Sitharaman announced significant tax relief in the Union Budget, raising the nil-tax threshold to Rs 12 lakh, relieving nearl ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

Section 206C (1) mandates the seller to collect tax at source (TCS) from buyer, at specified rates, on sale of specified goods such as alcoholic liquor, timber, tendu leave, any other forest produce ...

The National Pension System (NPS) Vatsalya Scheme was officially launched on September 18, 2024. While Budget 2025 did not revise income tax slabs and rates under the old tax regime, it has extended ...