October – Pending TDS / TCS Compliances
31st October – Due date of filing TDS / TCS Returns for Quarter 2 of Tax Year 2026-2027 15th November – Due date of issuing TDS / TCS Certificates for… Read more »
TDS on Payment from NPS – Section 393(3) (Section 194EE)
The provisions relating to TDS on payments in respect of amounts standing to the credit of a subscriber under the National Pension System (NPS) have been restructured under the Income-tax… Read more »
Consequences of TDS / TCS defaults
The following table highlights the applicable provisions and implications of non-compliance with TDS / TCS requirements, including failure to deduct, collect or deposit tax : Nature of Default Old Section… Read more »
TDS on Interest other than Interest on Securities – Section 393(1) (Section 194A)
The provisions relating to TDS on interest other than interest on securities have been restructured under the Income-tax Act, 2025. The earlier Section 194A of the Income-tax Act, 1961 is… Read more »
Higher Rate of TDS for Non-Furnishing of PAN – Section 397(2) (206AA & 206CC)
The provisions relating to higher deduction or collection of tax at source in cases where Permanent Account Number (PAN) is not furnished have been restructured under the Income-tax Act, 2025…. Read more »
TDS on Interest on Securities – Section 393(1) (Section 193)
The provisions relating to TDS on interest on securities have been restructured under the Income-tax Act, 2025. The earlier Section 193 of the Income-tax Act, 1961 is now covered under… Read more »