Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...

Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...

Under Section 206C (1F), the seller must collect TCS at 1 per cent of the value of any car priced above Rs 10 lakh. So if ...

The TCS amount will, by default, appear in the 'Taxes Paid' part of your ITR for the relevant financial year. All you have to ...

Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...

The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a ...

A tax return is referred to as a ‘belated return’ when it is filed after the end of the original due date mentioned under ...

Nov 20 (Reuters) - India's Tata Consultancy Services (TCS.NS), opens new tab and private equity firm TPG (TPG.O), opens new tab will form a joint venture to develop AI data centres, TCS said on ...

An individual whose total tax liability from non-salary income exceeds ₹10,000 after accounting for TDS and TCS must pay ...

PAN-Aadhaar linking deadline is December 31, 2025. PAN will become inoperative if not linked, affecting tax returns and refunds.

Many car buyers in India are unaware they can claim a tax refund on Tax Collected at Source (TCS). Sellers deduct 1% TCS on vehicles over ₹10 lakh, which is adjustable against your tax liability or ...

- HR's shadow looms larger here, with 'random check-ins' that probe for litigious risks and a sudden obsession with ...