#TaxCollectedAtSource - Twitter Hashtag

2 months ago

India Cuts TCS To 2% On Foreign Travel & Remittances—Big Relief But Costs Still High #TCS #TaxCollectedAtSource #ForeignTravel #Remittances #IndiaFinance @TwinkleKhande15

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Prabhat Khabar

@prabhatkhabar

4 months ago

Budget 2026: टैक्सपेयर्स को राहत का ऐलान, केंद्रीय बजट 2026 में वित्त मंत्री निर्मला सीतारमण ने टैक्सपेयर्स को बड़ी राहत दी है. ITR फाइल करने की अंतिम तारीख बढ़ाने का फैसला लिया गया. #TCS #TaxCollectedAtSource #IncomeTaxIndia #TaxSimplified #Budget2026 #prabhatkhabar

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CNBC-TV18

@CNBCTV18News

7 months ago

#TravelWithCNBCTV18 | As we approach the holiday season, understanding #TaxCollectedAtSource (#TCS) on international tour packages becomes crucial. While TCS is collected upfront, many travellers remain unaware of how it works, why it appears in #Form26AS, and how to claim it as a credit against their #incometax liability. By: @anshul91_m Read: https://t.co/GmxbWx0vPz

CNBCTV18News's tweet photo. #TravelWithCNBCTV18 | As we approach the holiday season, understanding #TaxCollectedAtSource (#TCS) on international tour packages becomes crucial.

While TCS is collected upfront, many travellers remain unaware of how it works, why it appears in #Form26AS, and how to claim it as a credit against their #incometax liability.

By: @anshul91_m

Read: https://t.co/GmxbWx0vPz

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Vimal Chandra Jain & Co.

@vcj_co

8 months ago

TCS Return Due Date Today ! #TCSReturn #TaxCollectedAtSource #IncomeTaxIndia #TCSFiling #TaxCompliance #TCSUpdate #TaxProfessionals #FileTCSOnTime #IncomeTaxReturn #TaxFilingReminder #mathura #vrindavan #jalesar #kotla #dholpura #bharatpur #fariha #jasrana #sirsaganj #etah #auraiya #etawah #kanpur #tundla #vcjco #firozabad #agra #shikohabad #itr #gstr

vcj_co's tweet photo. TCS Return Due Date Today !

#TCSReturn #TaxCollectedAtSource #IncomeTaxIndia #TCSFiling #TaxCompliance #TCSUpdate #TaxProfessionals #FileTCSOnTime #IncomeTaxReturn #TaxFilingReminder #mathura #vrindavan #jalesar #kotla #dholpura #bharatpur #fariha #jasrana #sirsaganj #etah #auraiya #etawah #kanpur #tundla #vcjco #firozabad #agra #shikohabad #itr #gstr

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GST Tech

@Infosys_GSTN

10 months ago

𝐓𝐞𝐫𝐦 𝐨𝐟 𝐭𝐡𝐞 𝐖𝐞𝐞𝐤: 𝐓𝐂𝐒 (𝐓𝐚𝐱 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐞𝐝 𝐚𝐭 𝐒𝐨𝐮𝐫𝐜𝐞) E-commerce platforms must collect TCS when they receive payment on behalf of sellers for goods or services sold online. #GSTN #TaxCollectedAtSource #Ecommerce #EaseOfDoingBusiness #GSTInsights #GSTSimplified

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Credila Financial Services Limited

@CredilaFinserv

about 1 year ago

Studying abroad just got more affordable! Check out these new TCS changes and find out how much you can save on taxes. Learn more by visiting our website - https://t.co/JJSa1LsU0P *T&C Apply. #Credila #Financialservices #EducationLoan #StudentLoan #TCS #Taxcollectedatsource

CredilaFinserv's tweet photo. Studying abroad just got more affordable! Check out these new TCS changes and find out how much you can save on taxes.

Learn more by visiting our website - https://t.co/JJSa1LsU0P

*T&C Apply.

#Credila #Financialservices #EducationLoan #StudentLoan #TCS #Taxcollectedatsource https://t.co/l8HSfY7brk

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VTV Gujarati News and Beyond

@VtvGujarati

about 1 year ago

ઈન્કમ ટેક્સના નવા નિયમ લાગુ, પાન કાર્ડ નહીં હોય તો ચૂકવવા પડશે 2 લાખ રૂપિયા #BusinessNews #TaxCollectedatSource #PanCardNewRule https://t.co/e4Km2Ue1c3

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Tv9 Gujarati

@tv9gujarati

about 1 year ago

હવેથી આ પ્રોડક્ટસ પર પણ TCS વસૂલવામાં આવશે, જુઓ CBDTએ જાહેર કરેલી લિસ્ટ #TCS #Tax #CBDT #Business #TaxCollectedAtSource #Finance #IncomeTax https://t.co/COl8SFgNsJ

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Fincurious @fincurious_in

over 1 year ago

Understanding TCS on Purchases/Sales (Hindi & English) Watch full video: https://t.co/wFRF9wGXG0 #TCS #TaxCollectedAtSource #Purchases #Sales #TaxCompliance #FinanceTips #BusinessFinance #TCSonOthers #TaxEducation #TaxManagement

fincurious_in's tweet photo. Understanding TCS on Purchases/Sales (Hindi & English)

Watch full video: https://t.co/wFRF9wGXG0

#TCS #TaxCollectedAtSource #Purchases #Sales #TaxCompliance #FinanceTips #BusinessFinance #TCSonOthers #TaxEducation #TaxManagement https://t.co/kpCGOPL8a1

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CNBC-TV18

@CNBCTV18News

over 1 year ago

#PersonalFinance | The Central Board of Direct Taxes (CBDT) introduced #Form12BAA to enhance disclosure of non-salary income and #TaxCollectedAtSource, in line with #UnionBudget 2024 guidelines Here are the key things to know | #IncomeTax @anshul91_m https://t.co/EsYptnYok3

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Punjab Kesari @punjabkesari

almost 2 years ago

Luxury items: सरकार ने चुपके से महंगी कर दी लग्जरी कारें...जानें कितना बढ़ाया टैक्स #NirmalaSitamaran #Budget2024-25 #1percenttax #taxcollectedatsource #MercedesBMW https://t.co/3kk70p5L09

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Abhishek Raja "Ram"

@abhishekrajaram

over 2 years ago

INCOME TAX DUE DATE ISSUE OF TCS CERTIFICATE OCT - DEC,2023 #TCSCertificate #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia

abhishekrajaram's tweet photo. INCOME TAX DUE DATE
ISSUE OF TCS CERTIFICATE OCT - DEC,2023

#TCSCertificate #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia https://t.co/ujxIvtr2J7

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Abhishek Raja "Ram"

@abhishekrajaram

over 2 years ago

Due Date Reminder! INCOME TAX DUE DATE ISSUE OF TCS CERTIFICATE OCT - DEC,2023 #TCSCertificate #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia

abhishekrajaram's tweet photo. Due Date Reminder!
INCOME TAX DUE DATE
ISSUE OF TCS CERTIFICATE OCT - DEC,2023

#TCSCertificate #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia https://t.co/VChpKj3zHd

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Abhishek Raja "Ram"

@abhishekrajaram

over 2 years ago

Income Tax Due Date TCS Return Oct-Dec,2023 #TCSReturn #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia #FinancialReporting

abhishekrajaram's tweet photo. Income Tax Due Date
TCS Return Oct-Dec,2023

#TCSReturn #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia #FinancialReporting https://t.co/t6xS5PIFg0

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Abhishek Raja "Ram"

@abhishekrajaram

over 2 years ago

Due Date Reminder! Income Tax Due Date TCS Return Oct-Dec,2023 #TCSReturn #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia #FinancialReporting

abhishekrajaram's tweet photo. Due Date Reminder!
Income Tax Due Date
TCS Return Oct-Dec,2023

#TCSReturn #TaxCollectedAtSource #TCSCompliance #IncomeTaxIndia #TaxFiling #TaxationIndia #FinancialReporting https://t.co/izE02gc45s

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Abhishek Raja "Ram"

@abhishekrajaram

over 2 years ago

DUE DATE Issue of TCS Certificate #TCSCertificate #TaxCollectedAtSource #TaxCompliance #IncomeTax #CertificateIssuance #IndianTaxation #TaxationUpdates #FinancialCompliance #TaxationMatters #TaxCertificates

abhishekrajaram's tweet photo. DUE DATE
Issue of TCS Certificate

#TCSCertificate #TaxCollectedAtSource #TaxCompliance #IncomeTax #CertificateIssuance #IndianTaxation #TaxationUpdates #FinancialCompliance #TaxationMatters #TaxCertificates https://t.co/l1F08TRaWB

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Raj Malhotra

@Rajmalhotrachd

over 2 years ago

#UPSC #IAS #GS3 #ECONOMY #UPSCPrelims #UPSCMAINS Q. What is the difference between TDS and TCS in Indian Income Tax system? Two what an extent these two compliment and supplement each other? Ans. #TaxDeductedatSource (#TDS) and #TaxCollectedatSource (#TCS) are both methods of collecting #incometax in #India. However, there are some key differences between the two. 💥Who deducts/collects the #tax? 👉TDS is deducted by the payer (#deductor), which is usually a company or individual making a payment to another person (#deductee). 👉TCS is collected by the #seller (#collector), which is usually a company or individual selling goods or services to another person (#buyer). 💥When is the tax deducted/collected? 👉TDS is deducted at the time of payment, or when the payment becomes due, whichever is earlier. 👉TCS is collected at the time of sale, or when the goods or services are provided, whichever is earlier. 💥On what types of payments is TDS deducted? 👉TDS is deducted on a wide range of payments, including #salaries, #rent, #professional #fees, #brokerage, #commission, and #interest. 👉TCS is collected on a narrower range of goods and services, such as timber, scrap, minerals, #liquor, and tendu leaves. 💥How are TDS and TCS deposited with the #government? 👉TDS is deposited with the government by the deductor within 7 days from the end of the month in which the tax was deducted. 👉TCS is deposited with the government by the collector within 10 days from the end of the month in which the tax was collected. 💥How do TDS and TCS complement and supplement each other? 👉TDS and TCS are complementary methods of collecting income tax. TDS ensures that tax is collected on #income at the source, which helps to reduce #taxevasion. TCS helps to collect tax on income from certain types of transactions that may be difficult to tax otherwise. 🔆For example, if a company pays a contractor #professionalfees, the company is required to deduct TDS from the payment. This ensures that the contractor pays tax on their income, even if they do not file a #taxreturn. 🔆Similarly, if a person sells scrap metal to a dealer, the dealer is required to collect TCS from the seller. This helps to ensure that tax is collected on income from the sale of scrap metal, even if the seller is not registered for #incometax. Overall, TDS and TCS are important tools for ensuring that income tax is collected efficiently and fairly in India. 💥Some specific examples of how TDS and TCS complement and supplement each other: 👉TCS collected on the sale of timber helps to ensure that tax is collected from loggers and other people involved in the timber industry. This helps to reduce tax evasion and protect forests. 👉TCS collected on the sale of minerals helps to ensure that tax is collected from mining companies and other people involved in the mining industry. This helps to reduce tax evasion and generate revenue for the government to invest in development projects. TDS deducted from salaries helps to ensure that employees pay tax on their income, even if they do not file a tax return. This helps to reduce tax evasion and generate revenue for the government to fund essential services such as #education and #healthcare. TDS deducted from professional fees helps to ensure that professionals such as #lawyers, #doctors, and #accountants pay tax on their income. This helps to reduce tax evasion and generate revenue for the government. Overall, TDS and TCS are important tools for the Indian government to collect income tax efficiently and fairly.

Rajmalhotrachd's tweet photo. #UPSC #IAS #GS3 #ECONOMY #UPSCPrelims #UPSCMAINS

Q. What is the difference between TDS and TCS in Indian Income Tax system? Two what an extent these two compliment and supplement each other?

Ans. #TaxDeductedatSource (#TDS) and #TaxCollectedatSource (#TCS) are both methods of collecting #incometax in #India. However, there are some key differences between the two.

💥Who deducts/collects the #tax?

👉TDS is deducted by the payer (#deductor), which is usually a company or individual making a payment to another person (#deductee).
👉TCS is collected by the #seller (#collector), which is usually a company or individual selling goods or services to another person (#buyer).

💥When is the tax deducted/collected?

👉TDS is deducted at the time of payment, or when the payment becomes due, whichever is earlier.
👉TCS is collected at the time of sale, or when the goods or services are provided, whichever is earlier.

💥On what types of payments is TDS deducted?

👉TDS is deducted on a wide range of payments, including #salaries, #rent, #professional #fees, #brokerage, #commission, and #interest.

👉TCS is collected on a narrower range of goods and services, such as timber, scrap, minerals, #liquor, and tendu leaves.

💥How are TDS and TCS deposited with the #government?

👉TDS is deposited with the government by the deductor within 7 days from the end of the month in which the tax was deducted.
👉TCS is deposited with the government by the collector within 10 days from the end of the month in which the tax was collected.

💥How do TDS and TCS complement and supplement each other?

👉TDS and TCS are complementary methods of collecting income tax. TDS ensures that tax is collected on #income at the source, which helps to reduce #taxevasion. TCS helps to collect tax on income from certain types of transactions that may be difficult to tax otherwise.

🔆For example, if a company pays a contractor #professionalfees, the company is required to deduct TDS from the payment. This ensures that the contractor pays tax on their income, even if they do not file a #taxreturn.

🔆Similarly, if a person sells scrap metal to a dealer, the dealer is required to collect TCS from the seller. This helps to ensure that tax is collected on income from the sale of scrap metal, even if the seller is not registered for #incometax.

Overall, TDS and TCS are important tools for ensuring that income tax is collected efficiently and fairly in India.

💥Some specific examples of how TDS and TCS complement and supplement each other:

👉TCS collected on the sale of timber helps to ensure that tax is collected from loggers and other people involved in the timber industry. This helps to reduce tax evasion and protect forests.
👉TCS collected on the sale of minerals helps to ensure that tax is collected from mining companies and other people involved in the mining industry.

This helps to reduce tax evasion and generate revenue for the government to invest in development projects.

TDS deducted from salaries helps to ensure that employees pay tax on their income, even if they do not file a tax return. This helps to reduce tax evasion and generate revenue for the government to fund essential services such as #education and #healthcare.

TDS deducted from professional fees helps to ensure that professionals such as #lawyers, #doctors, and #accountants pay tax on their income. This helps to reduce tax evasion and generate revenue for the government.

Overall, TDS and TCS are important tools for the Indian government to collect income tax efficiently and fairly.

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द संक्षेप @thesankshep

over 2 years ago

कहीं राहत, कहीं झटका!आज से हुए ये 4 बड़े बदलाव,आपकी जेब पर सीधे डालेंगे असर #thesankshep #IOCL #GasCylinder #birthcertificate #taxcollectedatsource #smalllsavingschemes #EveningNews #1October #effectpeople #dailynewsupdate #onlinenews #BeUpdated #YouShouldKnow #VeryInformativ

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Credila Financial Services Limited

@CredilaFinserv

almost 3 years ago

Avail the smarter option – visit us at https://t.co/tgrH4grdMY to apply for a feature-rich education loan today and benefit from lower TCS. *T&C apply #HDFCCredila #EducationLoan #StudentLoan #TCS #TaxCollectedatSource #ApplyNow #EducationFinance #FinanceTips #FinancialServices #HigherEducation #Loan #OverseasEducation #OverseasEducationLoan #StudentFinance #StudentLoanFreedom #StudentLoanHelp #StudentLoanRefinance #StudentLoanRepayment #StudentLoans #StudyAbroad #StudyAbroad2023 #StudyAbroadGoals #StudyAbroadLoan #StudyAbroadOpportunities #StudyAbroadPrograms #StudyAbroadTips #StudyOverseas

CredilaFinserv's tweet photo. Avail the smarter option – visit us at https://t.co/tgrH4grdMY to apply for a feature-rich education loan today and benefit from lower TCS.
*T&C apply

#HDFCCredila #EducationLoan #StudentLoan #TCS #TaxCollectedatSource #ApplyNow #EducationFinance #FinanceTips #FinancialServices #HigherEducation #Loan #OverseasEducation #OverseasEducationLoan #StudentFinance #StudentLoanFreedom #StudentLoanHelp #StudentLoanRefinance #StudentLoanRepayment #StudentLoans #StudyAbroad #StudyAbroad2023 #StudyAbroadGoals #StudyAbroadLoan #StudyAbroadOpportunities #StudyAbroadPrograms #StudyAbroadTips #StudyOverseas

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ET Now Swadesh

@ETNowSwadesh

almost 3 years ago

#SwadeshKhabar | TCS में फिलहाल कोई नहीं होगा बदलाव, TCS की बढ़ी दरें 1 अक्टूबर 2023 से होगी लागू ज्यादा जानकारी दे रहे हैं @priyadarshi108 #TCS #TaxCollectedatSource #CreditCard

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