Misclassification between TDS codes under the new law may lead to 30% expense disallowance. The key issue is whether wrong code equals non-deduction under Section ...
India's tax system is becoming increasingly stringent and digitized. Consequently, regulations such as TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) have become crucial—not only for ...
From April 1, 2026, the TDS/TCS regime will see a major overhaul under the new Income Tax Act, with renumbered sections and ...