1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All TMI Notes
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Union Budget 2025-26 to Remove TCS Requirement Under Section 206C(1H) for Easier Compliance Starting April 2025.</h1> The Union Budget 2025-26 proposes to reduce the compliance burden by omitting the requirement for Tax Collection at Source (TCS) on the sale of specified goods. Currently, under Section 206C(1H), sellers must collect TCS on transactions exceeding Rs 50 lakhs, while Section 194Q mandates buyers to deduct Tax Deducted at Source (TDS) on similar transactions. This dual requirement complicates compliance, as sellers struggle to verify if buyers have deducted TDS. To simplify this, the TCS provision under Section 206C(1H) will be removed effective April 1, 2025, easing business operations and taxpayer obligations.
TaxTMI 
TaxTMI 