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of <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.
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