https://www.taxtmi.com/manuals?id=8027 For TDS/TCS purposes, seller under the Income-tax Act, 2025 includes governments, local and statutory bodies, companies, firms and co-operative societies for specified goods. Individuals and Hindu undivided families qualify when their preceding-tax-year business turnover or professional receipts exceed the prescribed thresholds. A person selling an overseas tour programme package is separately treated as a seller. Earlier collection-on-sale provisions applied a higher business-turnover threshold, subject to notified exclusions, while retaining entity-based and turnover-based eligibility for specified goods collections. en-us Fri, 21 Aug 2026 13:21:00 +0530 Tue, 25 Aug 2026 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=8027 For TDS/TCS purposes, seller under the Income-tax Act, 2025 includes governments, local and statutory bodies, companies, firms and co-operative societies for specified goods. Individuals and Hindu undivided families qualify when their preceding-tax-year business turnover or professional receipts exceed the prescribed thresholds. A person selling an overseas tour programme package is separately treated as a seller. Earlier collection-on-sale provisions applied a higher business-turnover threshold, subject to notified exclusions, while retaining entity-based and turnover-based eligibility for specified goods collections. Manuals Income Tax Fri, 21 Aug 2026 13:21:00 +0530 https://www.taxtmi.com/manuals?id=8027