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% ...

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 ...

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 ...

CBDT Chairman Ravi Agrawal explained that the Income Tax Department is currently scrutinising cases where taxpayers may have mistakenly or incorrectly claimed deductions.

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

Income tax refunds for FY 2024–25 are delayed due to late ITR form releases, stricter data checks, and heavy CPC load, say ...

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 ...

More than 30 million taxpayers across the country are eligible to file their federal tax returns completely free-of-charge this year using Direct File, the Internal Revenue Service (IRS) has said. Tax ...

Tata Consultancy Services Ltd. secured $1 billion from TPG Inc. to speed its push into artificial intelligence data centers, underscoring the outsourcer’s bid to gain ground in one of technology’s ...