Post by: Renu Suresh in Income Tax
Tax Collected at Source (TCS) Tax Collected at Source (TCS) is a tax payable by a seller, which is collected from the buyer at the time of sale of specified goods. Section 206C of the Income Tax Act lists the…
Post by: Renu Suresh in Income Tax
Annual Information Statement (AIS) To help taxpayers get a comprehensive view of tax-related information, the income tax department has launched an Annual Information Statement (AIS) on its e-filing portal. It provides comprehensive information to taxpayers on their financial transactions. The…