TCS refund on car purchase: Who can claim it, how it works, and key rules to know

TCS is a 1% tax on motor vehicles over ₹10 lakh. Buyers can claim a refund when filing their annual ITR, provided they meet ...

TDS, TCS and quarterly filings: Key income tax dates to watch in January

The compliance cycle for January kicks off early. January 7, 2026, is the key deadline for depositing TDS and TCS deducted or ...

Now no more prosecution for delayed payment of TCS if its paid by this date: Budget 2025

Budget 2025 has removed prosecution for taxpayers who failed to deposit Tax Collected at Source (TCS) despite collecting it.
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ITR Filing: New TDS/TCS statement correction deadline; here's what you should do to avoid tax notice

According to the advisory, the correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. Earlier, the 6-year duration permitted for the ...