REDUCTION IN RATE OF TAX DEDUCTION AT SOURCE (TDS) & TAX COLLECTION AT SOURCE (TCS)
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REDUCTION IN RATE OF TAX DEDUCTION AT SOURCE (TDS) & TAX COLLECTION AT SOURCE (TCS)

Amidst of the current pandemic of COVID-19, the Government has announced another fiscal measure to ensure more liquidity in the hands of the tax payer by reducing the rates of TDS/TCS on various payments by certain percentage points. This article enlightens the scheme which has reduced the rate of TDS/TCS by 25% from the period 14th May, 2020 to 21st May, 2020.

GST Updates
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GST Updates

This Notification seeks to extend the due date for furnishing FORM GSTR-3B for the tax payers registered in J & K for the period November, 2019 to February,