Tax Deduction at Source (TDS) & Tax Collection at Source (TCS)
To ease financial strain during the COVID-19 pandemic, the Central Board of Direct Taxes (CBDT) announced a 25% reduction in Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) rates. This reduction was effective from 15 May 2020 to 31 March 2021, aiming to boost liquidity for businesses and individuals.
How NWAY ERP can Help Simplify Your Processes?
Simplify compliance with NWAY ERP. It also helps with updates and integrates these reduced tax rates into your system. This also helps manage seamless applications to relevant transactions, helping you focus on managing your business while staying compliant.
Staying Compliant with Tax Changes can be Complex, but NWAY ERP Makes it Effortless. Our System:
Automatically updates and integrates reduced TDS and TCS rates.
Ensures accurate calculations for all relevant transactions.
It provides real-time tracking and reporting for streamlining compliance.
Reduces manual effort, saving you time, money, and resources.
With NWAY ERP, you can focus on growing your business while we handle tax compliance.
