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What is TDS? A Beginner’s Guide?
What is TDS? A Beginner’s Guide?

admin Posted On | November 10, 2025

If you’ve ever received a salary, professional payment, or interest from a financial institution, you might have noticed that a certain amount gets deducted before the money reaches you. This deduction is called TDS — one of the most important concepts in India’s taxation system. In this beginner’s guide, we’ll break down what TDS means, […]

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Previous Blogs
What is TDS? A Beginner’s Guide?
Posted On | November 10, 2025

What is TDS? A Beginner’s Guide?

If you’ve ever received a salary, professional payment, or interest from a financial institution, you might have noticed that a certain amount gets deducted before the money reaches you. This deduction is called TDS — one of the most important concepts in India’s taxation system. In this beginner’s guide, we’ll break down what TDS means, […]

Read More
How to File GST Returns Online – A Beginner’s Step-by-Step Guide
Posted On | November 3, 2025

How to File GST Returns Online – A Beginner’s Step-by-Step Guide

If you’ve just registered your business under GST, filing returns might sound intimidating. Between multiple forms, numbers, and due dates, it can feel like a maze — but it doesn’t have to be. The good news is that filing GST returns online is simple once you understand the basics. This guide breaks it down step-by-step […]

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TCS on Foreign Remittances Under LRS – Collector’s Point of View (FY 2025–26)
Posted On | October 14, 2025

TCS on Foreign Remittances Under LRS – Collector’s Point of View (FY 2025–26)

1. Introduction Under the Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year for purposes such as education, medical treatment, investments, travel, or gifts. As per Section 206C(1G) of the Income Tax Act, banks and authorized dealers are required to collect Tax Collected at Source (TCS) on such foreign […]

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What to Do If TDS is Deducted but Not Reflected in 26AS
Posted On | October 9, 2025

What to Do If TDS is Deducted but Not Reflected in 26AS

Tax Deducted at Source (TDS) is a crucial compliance mechanism under the Income Tax Act, 1961, designed to ensure timely and efficient collection of taxes at the point of income generation. TDS is deducted by various entities such as employers, buyers of immovable property, banks paying interest, and those making payments for services like rent, […]

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26AS Reconciliation Software
Posted On | September 30, 2025

Top 26AS Reconciliation Software – Automate & Comply

Accurate TDS compliance is crucial for businesses and tax consultants across India. Errors in reporting can lead to penalties, notices, and financial loss. 26AS Reconciliation Software simplifies the complex process of matching TDS credits reported in Form 26AS with books of accounts or ERP data. manual reconciliation is time-consuming, error-prone, and challenging, especially for organizations […]

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GST Registration Rejected? Common Reasons and Fixes
Posted On | September 22, 2025

GST Registration Rejected? Common Reasons and Fixes

GST Registration Rejection Reasons and fixes to avoid errors and get approval smoothly. Expert tips to resolve GST registration issues.

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tax notice management software
Posted On | September 17, 2025

Best Tax Notice Management Software in India – Smart Compliance

Best Tax Notice Management Software in India by Smart Compliance helps businesses efficiently manage tax notices and stay compliant.

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tds due dates and penalties
Posted On | September 16, 2025

TDS Due Dates and Penalties – You Should Know

Learn everything about TDS Due Dates and Penalties, including filing timelines and fines, to ensure compliance and avoid unnecessary charges.

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Posted On | September 11, 2025

GST Income Tax TDS Notice Alert – How to Understand Penalties and Stay Compliant

Learn how to handle a GST Income Tax TDS Notice Alert, understand penalties, and stay compliant with tax regulations effectively.

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tds on interest income
Posted On | September 9, 2025

TDS on Interest Income: When and How is it Deducted?

TDS on Interest Income is deducted when interest crosses the threshold. Learn when & how it deducted to stay tax-compliant & avoid penalties.

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Posted On | September 1, 2025

Managing Input Tax Credit Effectively Under GST – A Complete Guide

Input Tax Credit Management under GST made simple. Learn effective strategies to maximize ITC benefit & ensure GST compliance with this guide.

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Posted On | August 18, 2025

A Step-by-Step Guide to Registering TAN on TRACES Portal

A complete guide to registering TAN on TRACES. Follow this step-by-step process to easily finish TAN registration online without hassle.

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Posted On | August 12, 2025

How to Handle TDS in Case of Double Taxation Avoidance Agreements (DTAA)

Learn how to manage TDS in Double Taxation Avoidance Agreements effectively and ensure compliance with DTAA rules for smooth tax handling.

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tds defaults
Posted On | August 4, 2025

Understanding TDS Defaults: Notices, Penalties & Resolution Process

Learn about TDS Defaults Notices, related penalties, and step-by-step resolution process to stay compliant with income tax regulations.

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Posted On | July 29, 2025

How to Avoid Late Filing Fees and Interest on TDS Returns

Avoid Late Filing Fees & Interest on TDS Returns with smart tips to file timely & stay compliant with tax laws. Save money & avoid penalties.

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tds on non-resident indians
Posted On | July 22, 2025

TDS ON NON-RESIDENT INDIANS: RATES, EXEMPTION AND COMPLIANCES

Understand TDS on Non-Resident Indians—applicable rates, exemptions, and key compliance rules for FY 2024-25 in simple terms.

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tds on winnings
Posted On | July 14, 2025

TDS on Winnings from Online Gaming (Section 194BA)

Section 194BA explains TDS on Winnings from online gaming. Learn how taxes apply to game earnings and compliance for platforms and players.

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gst compliance
Posted On | July 7, 2025

GST Compliance Updates – What Businesses Need to Know from July 2025 Onwards

GST compliance updates for July 2025—learn what’s changing and how businesses can stay compliant with the latest regulatory shifts.

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e-invoicing under gst
Posted On | June 30, 2025

E-invoicing Under GST: Who Must Comply & What You Should Do Now

E-invoicing under GST is mandatory for many businesses. Learn who must comply and the steps you should take now for smooth GST compliance.

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tds on professional fees and contract payments
Posted On | June 23, 2025

TDS on Professional Fees and Contract Payments: A Complete Guide

TDS on professional fees and contract payments—applicable rates, rules, and compliance essentials in this quick and complete guide.

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cbdt tds exemption for ifsc
Posted On | June 16, 2025

CBDT’s TDS Exemption for IFSC Units Explained

CBDT TDS Exemption for IFSC simplifies tax rules for financial units. Learn how this move benefits IFSC-based entities.

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income tax tds refund
Posted On | June 9, 2025

How to Claim IncomeTax TDS Refund: Process and Timelines

Learn how to claim your Income Tax TDS Refund easily. Understand the complete refund process and timelines to avoid delays in filing.

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Posted On | June 3, 2025

Navigating Form 15CA & 15CB: A Guide for Foreign Remittances

Form 15CA and 15CB are vital for foreign remittances from India. Learn how to file them correctly and avoid compliance issues.

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tax deduction account number
Posted On | May 26, 2025

How to Apply for a TAN (Tax Deduction Account Number)-A Step by step Guide

Learn how to apply for a tax deduction account number with this easy, step-by-step guide. Quick online process explained clearly.

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securities transaction tax
Posted On | May 19, 2025

Understanding Securities Transaction Tax (STT) in India

Learn what securities transaction tax is, how it works in India, and its impact on investors and traders in the Indian stock market.

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msme compliance
Posted On | May 12, 2025

MSME Compliance and Tax Impact in India: Section 43B(h) and Company Law Updates Effective April 2025

With the evolving regulatory landscape, businesses working with Micro, Small, and Medium Enterprises (MSMEs) in India must pay close attention to new compliance norms. The Government of India, through the Finance Act 2023 and various CBDT notifications, has introduced significant changes effective from April 2024 and April 2025. These changes include stricter deduction rules under […]

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form 26a
Posted On | May 6, 2025

Form 26a (Non-Deduction Or Short Deduction) – Legal Provisions, Benefits & Procedure

There are instances where deductor fail to deduct or short-deduct the TDS on certain payments. Non-Deduction or short deducted results in the deductor being labelled as “Assessee in Default” under section 201(1) of the Income Tax Act, 1961. Deductor with “Assessee in Default” have to face the consequences such as interest payment on short deduction/Non-Deduction, […]

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tds on sale of property
Posted On | May 3, 2025

TDS on Sale of Property: Step-by-Step Filing & Compliance Guide

When a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs 50 lakhs, buyer has to deduct tax at source at 1% under section 194IA of the total sale amount when he pays the seller. i]. If the payment is made by […]

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Posted On | April 28, 2025

Understanding Lower Deduction Certificates-TDS (Form 13)

Tax Deducted at Source (TDS) is a mechanism in India where tax is collected at the time of payment to ensure compliance and prevent tax evasion. However, in certain cases, taxpayers may be eligible for a lower or nil deduction of TDS, which is facilitated through Form 13. What is Form 13? Form 13 is […]

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Posted On | April 25, 2025

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Why Needs for FATCA and CRS arrived: The use of offshore financial accounts for tax evasion and avoidance is a pressing concern for governments all around the world. There is an international consensus that the domestic measures taken to address this problem must be supplemented by enhanced cooperation amongst governments including exchange of tax information on […]

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Posted On | April 22, 2025

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Posted On | April 19, 2025

TDS and TCS Compliances in Cooperative Banks

TDS (Tax Deducted at Source) is a mechanism where a certain percentage of tax is deducted from the income of an individual or entity at the time of payment, such as salary, interest, dividends, or contract payments.

Read More
Reverse Charge Mechanism
Posted On | April 14, 2025

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In India’s evolving GST framework, the Reverse Charge Mechanism (RCM) ensures compliance, particularly in transactions involving unregistered suppliers, imports, or specific notified goods and services. Under RCM, the recipient of goods or services becomes liable to pay GST, not the supplier. This blog presents a complete guide to RCM, covering: What is Reverse Charge Mechanism (RCM)? RCM […]

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Posted On | April 5, 2025

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Small Finance Banks (SFBs) play a crucial role in financial inclusion by extending banking services to underserved and unbanked sections of society.

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Posted On | March 31, 2025

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Managing finances and staying compliant with the taxes can be tough in India, the Income Tax Act has various forms like Form 61, 61A, and 61B for reporting financial transactions as mandated by the Section 285BA. What is Form 61? Form 61 is for the people who don’t have a Permanent Account Number (PAN). If […]

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Posted On | March 17, 2025

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Tax Deducted at Source (TDS) is a crucial aspect of the Indian tax system, ensuring that taxes are collected at the source of income. However, errors and defaults can occur during the filing of TDS statements. To address these issues, the Centralised Processing Cell (TDS) has introduced the TRACES (TDS Reconciliation Analysis and Correction Enabling […]

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TDS on Salaries:
Posted On | March 8, 2025

Understanding TDS on Salaries: A Guide for Employers and Employees

Tax Deducted at Source (TDS) is a mechanism introduced by the Government of India to facilitate the collection of taxes at the source of income.

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TDS Compliances
Posted On | March 1, 2025

Common Mistakes In TDS Compliance And How To Avoid Them

To ensure smooth TDS compliance, businesses should use automated TDS compliance software, set up internal audit mechanisms, and keep updated with the latest tax laws.

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Posted On | February 22, 2025

Simplifying GST Reconciliation for Banks: Best Practices & Challenges

In today’s complex financial ecosystem, banks are increasingly grappling with the intricacies of Goods and Services Tax (GST) compliance.

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Posted On | February 8, 2025

TDS Compliances for Insurance Companies: A Comprehensive Overview

Tax Deducted at Source (TDS) is a crucial compliance requirement for insurance companies in India.

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tds tcs compliance finance act 2025
Posted On | February 1, 2025

Amendments Related to TDS/TCS Compliance- Finance Act 2025

This circular provides a detailed overview of amendments introduced in the Finance Act 2025 pertaining to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) compliance. These amendments aim to simplify tax compliance, reduce administrative burdens, and enhance ease of doing business. 1. Introduction of New Tax Regime Slabs The Finance Act 2025 […]

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gst in banking sector
Posted On | February 1, 2025

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In our economy, the banking industry is crucial to revenue generation. Following the introduction of GST, the banking industry saw one of the most significant changes. The main objective of the GST was to avoid the double taxation on goods and services.

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Posted On | January 25, 2025

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Dividends are a key way for companies to share profits with their shareholders. Under the Income Tax Act, 1961

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Posted On | January 22, 2025

New Time Limit for Filing TCS/TDS Correction Statements Introduced

Effective from April 1, 2025, significant changes will be made to the filing of correction statements related to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).

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Posted On | January 22, 2025

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In today’s dynamic business environment, ensuring compliance with tax regulations is a critical priority for businesses of all sizes.

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Posted On | January 3, 2025

Streamline Your Tax Notice Management with NoticeCPC

In today’s fast-paced compliance landscape, managing tax notices effectively is no longer optional—it’s essential! Missing a response can lead to serious repercussions

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Posted On | January 3, 2025

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The Micro, Small, and Medium Enterprises Development Act (MSMED Act), 2006, has long been a cornerstone of India’s growth, empowering the nation’s MSMEs.

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Posted On | April 18, 2023

Team Figment wins big at the TIOL Awards

Figment was adjudged the ‘Best Tax Technology Service Provider’ at the prestigious TIOL platform and was recognized for its’ innovative tax solutions. Taxindiaonline.com (TIOL), established in May 2000, is one of India’s prominent online media platforms, providing business-critical information, analyses, expert viewpoints, editorials, and related news on developments in fiscal, foreign trade, and monetary policy domains.

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Posted On | April 18, 2023

Figment celebrates 11 years of unmatched tax compliance services

“Alone, we can do so little; together, we can do so much.” Team Figment celebrated its’ 11th work anniversary with zeal and definitely this is just the beginning!

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Posted On | March 14, 2023

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We are delighted and proud to announce that, the honourable jury has notified our nomination for the most prestigious

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Posted On | March 14, 2023

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Posted On | March 14, 2023

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The current Physical FinTech festival will create an ecosystem unleashing the power and potential of FinTech in India.

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Posted On | February 4, 2023

CBDT Issues Guidelines on TDS Applicability on Non-Salary Perquisites.

According to the latest guidelines, it is not necessary for the payer/deductor to check the taxability of the sum in the hands of the payee before deducting TDS …

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Posted On | February 4, 2023

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Digitalization of manual forms 15CA 15 CB duration 7th June 2021-15th August 2021 is Live now

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Posted On | February 4, 2023

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Posted On | February 4, 2023

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The interview of our CTO CA Sapan Jain got published in the July edition of the ‘ENTERPRISE’…

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