The Finance Bill 2025 proposes the removal of Tax Collection at Source (TCS) under Section 206C(1H) of the Income-tax Act from April 1, 2025. Currently, sellers collecting payments exceeding ₹50 lakh ...

JPJ has announced that NEF and TCS are the next number plate series to go up for bidding on its online auction platform, JPJ ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

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

FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward foreign ...

The amendment in the Finance Bill 2025 provides some relief to taxpayers by offering them a second chance to comply with the ...

The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...

The National Pension System (NPS) Vatsalya Scheme was officially launched on September 18, 2024. While Budget 2025 did not ...

Finance Minister Nirmala Sitharaman has proposed to raise TCS exemption limit from Rs 7 lakh to Rs 10 lakh and exempt education remittances funded through loans, benefiting students, travellers, and ...

Large foreign travel spends will attract higher upfront tax payments. Those funding education through loans get relief. TCS ...

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...