TDS & TCS
Articles & Guides
Expert insights on TDS & TCS from practising Chartered Accountants — plain language, actionable advice.
TCS (Tax Collected at Source) Under ITA 2025: LRS 20%, Tour Packages, Motor Vehicles Guide
TCS under ITA 2025 -- LRS remittances 20% (from October 2023), overseas tour packages 20%, motor vehicles 1% above Rs 10L, general goods 0.1% (seller above Rs 10 crore), TCS credit in Form 26AS, quarterly Form 27EQ.
Complete TDS Rate Chart for Tax Year 2026-27 Under ITA 2025: All Sections
Complete TDS rate chart 2026-27 under ITA 2025 -- salary average rate, interest 10% (Rs 40K/Rs 50K threshold), professional 10%/technical 2%, contractor 1%/2%, rent 10%/2%, lottery 30%, property 1%, dividend 10%.
TDS on Professional Fees and Contracts Under ITA 2025: Section 399, 400 & 401 Guide
TDS on professional fees Section 399 (10% professional, 2% technical), contractor Section 400 (1%/2%), rent Section 401 (10%), thresholds, deposit dates, Section 40(a)(ia) disallowance, lower TDS certificate.
TDS on Salary Under ITA 2025: Section 391, Form 12BB & Form 16 Complete Guide
TDS on salary Section 391 ITA 2025 — average rate computation, Form 12BB regime and deduction declaration, Form 16 Part A/B by 15 June, multiple employers Form 12B, Section 89 arrear relief.
TDS on Professional Fees Under Income Tax Act 2025: Section 399 Complete Guide
TDS on professional fees under Section 399 of ITA 2025 — 10% for professionals, 2% for technical services, Rs 30,000 threshold, director fees, royalty, no-PAN 20% rate.
TDS on Contractor Payments Under Income Tax Act 2025: Section 398 Guide
TDS on contractor payments under Section 398 ITA 2025 — 1% individual/HUF, 2% works contract/company, Rs 30K single/Rs 1L aggregate threshold, transporter exception, sub-contractors.
TDS Return Filing Under Income Tax Act 2025: Form 24Q, 26Q & 27Q Complete Guide
TDS return filing guide under ITA 2025 — Form 24Q (salary), Form 26Q (non-salary residents), Form 27Q (non-residents), quarterly due dates, penalties, Form 16/16A, TRACES corrections.
Income Tax Interest Provisions Under ITA 2025: Sections 415-420 Guide
Interest provisions under Sections 415-420 of ITA 2025 — Section 419 (late ITR 1%/month), Section 418 (short advance tax 1%), Section 417 (instalments), TDS non-deduction 1%, non-deposit 1.5%.
TDS on Rent Under Income Tax Act 2025: Section 397 & 399B Complete Guide
TDS on rent under ITA 2025 — Section 397 for individuals/HUF (2% on rent above Rs 50K/month, Budget 2024), Section 399B for businesses (10%/2%), Form 26QC, Form 16C.
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