Most commonly used TDS/TCS sections for FY 2026–27 and SOP for TDS TCS challan payment
FY 2026–27 has begun. April 2026 is done — time to deposit TDS TCS for April.
From 1st May 2026, payments of TDS TCS to be done under the New Income-tax Act, 2025.
Here’s a crisp, practical guide:
✔ Most commonly used TDS/TCS sections for FY 2026–27 (slide 1 & 2 )
having Clear cross-mapping: Old Act ↔ New Act (Sections & Codes) and Threshold limits + applicable rates under the New Act
✔Plus — a complete SOP for TDS TCS payment:
Great to see that we can now pay for multiple TDS & TCS sections in a single challan. (Check SOP in slide 3 & 4)
Also,
there are many such insights already Packed with ready-to-use references in my book ITRR -5th Edition which is designed to make compliance faster and understanding clearer. Worth having on your desk this year. The Printed Colour Edition (163 pages) is available at a launch price of ₹499 . Avail the launch price benefit
order link - https://t.co/Vsy6UrFC01
order your copy today before stock runs out.
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TDS & TCS Rate Chart – Fully Updated for FY 2025–26 | TY 2026–27 BY CA HARSHIL SHETH
• Clear cross-mapping of Sections & Codes – Old Act ↔ New Act
• Threshold limits + applicable rates for → AY 2026–27 (Old Act) and→ TY 2026–27 (New Act)
A crisp yet comprehensive snapshot
🔹 TDS (2 Pages) - commonly applicable sections to Individual, HUF, LLP, Firms & Companies
🔹 TCS (1 Page) - All TCS provisions in one compact view
Hope you find this useful for Q4 TDS/TCS returns of FY 2025–26 and for smooth implementation of the New Income-tax Act, 2025 effective from 01.04.2026 onwards.
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🚨TDS Section Mapping - Income Tax Act, 1961 vs Income Tax Act, 2025
Useful for day-to-day TDS compliance & comparisons from 1st April 2026!!
Link to PDF:-
https://t.co/It037Tj67f
Mr. Datta declared turnover of ₹65.68 lakh
and showed profit at 8% under Section 44AD.
Tax officer later found ₹68 lakh cash deposits
and treated the entire ₹68 lakh as unexplained money.
Here’s how ITAT deleted the whole addition. 🧵👇
Mandatory Levy of Service Charge by Restaurants Violates Consumer Law: CCPA
Automatic Addition of Service Charge Declared Unfair Trade Practice
Penalties imposed up to ₹50,000; restaurants directed to refund service charge and modify billing systems
Action triggered by consumer complaints on National Consumer Helpline (NCH) supported by invoices
Register a company in Dubai, live there for 6 months, get NRI status and use the tax treaty to save tax. A popular playbook that may no longer work. The Binny Bansal (and Tiger Global) ruling signals the tax dept will challenge short overseas stays used to claim NRI status.
Story: https://t.co/uvzFC15LPU
उपभोक्ता ध्यान दें !
रेस्तरां बिल में सर्विस चार्ज नहीं जोड़ सकते
और ना ही उसे “Optional” लिखकर दिखा सकते हैं।
यदि सर्विस चार्ज जबरदस्ती लिया जाए तो 1915 पर शिकायत करें या 8800001915 पर WhatsApp करें। #ConsumerAwareness#NCH1915#ServiceCharge#JagoGrahakJago