Search For "tax collection at source"
Foreign Exchange Industry calls for clarity on proposed 20 per cent TCS: S
Updated : 3 years ago IST
Mumbai (Maharashtra) [India], May 25: The foreign exchange Industry has expressed serious concerns about the applicability of 20 per cent Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarif
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Data available shows tax collection at source mechanism has been abused, v
Updated : 3 years ago IST
Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at source mechanism has been "abused" and these "volumes involved were fairly substantial"
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TDS, TCS rates for non-salaried payments reduced by 25 per cent till March
Updated : 6 years ago IST
New Delhi [India], May 14 (ANI): The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for the non-salaried specified payments and Tax Collection at Source (TCS) for specified receipts by 25 per cent for the period from May 14, 2020 to March,
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Govt announces Rs 50,000 crore liquidity through TDS/TCS rate reduction
Updated : 6 years ago IST
New Delhi [India], May 13 (ANI): To provide more funds at the disposal of taxpayers, the government on Wednesday reduced rates of tax deduction at source (TDS) for non-salaried specified payments made to residents by 25 per cent of existing rates.
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Finance Bill 2020 proposes amendment to levy 5 pc tax on overseas remittan
Updated : 6 years, 3 months ago IST
New Delhi [India], Feb 14 (ANI): The Finance Bill 2020 has proposed an amendment to Section 206C to levy 5 per cent tax collection at source (TCS) on overseas remittance and for the sale of the overseas tour package.
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Tax collection at source within ambit of Model GST law, says FICCI
Updated : 8 years, 9 months ago IST
New Delhi,[India] Feb.9 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) organized a press meet today to highlight the concerns of the e-commerce sector pertaining to the clause of "Tax Collection at Source" (Section - 56) proposed under the Model GST Law i
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