Tag Archives: tds on purchase of goods

Who is Liable to Deduct Tax Under Income Tax Act 2025

By | February 24, 2026

Who is Liable to Deduct Tax Under Income Tax Act 2025 Under the new Income-tax Act, 2025, the government has streamlined the rules regarding who must deduct Tax Deducted at Source (TDS). While Companies and Partnership Firms are almost always required to deduct TDS, the rules for Individuals and Hindu Undivided Families (HUFs) depend entirely… Read More »

Section 206C(1F) TCS on Sale of motor Vehicle above Rs 10 Lakh w.e.f 01.06.2016

By | May 17, 2016

TCS on Sale of motor Vehicle above Rs 10 Lakh TCS on Sale of motor Vehicle above Rs 10 Lakh as per newly inserted section 206c(1F) in Income Tax Act (India) Analysis of provision on TCS on Sale of motor Vehicle above Rs 10 Lakh :-  TCS on Sale of motor Vehicle above Rs 10 Lakh TCS… Read More »