📢 Income Tax & TDS/TCS Compliance Alert | Due Date: 7th June 2026

Aswe move into the compliance season, taxpayers and businesses must ensure timely fulfillment of their statutory obligations to avoid interest, penalties, and unnecessary notices. ✅ TDS/TCS Payment for May 2026 The due date for depositing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the month of May 2026 is 7th June 2026. Timely payment is essential to maintain compliance under the Income-tax Act and avoid late payment consequences. ✅ Form No. 102 Filing for May 2026 Buyers intending to procure specified goods without tax collection are required to furnish Form No. 102 under Section 394(2) of the Income-tax Act, 2025 on or before 7th June 2026. Submission of this declaration is mandatory to avail the prescribed benefit and ensure proper compliance. 📌 Key Takeaways • Deposit TDS/TCS for May 2026 by 7th June 2026. • Submit Form No. 102 within the prescribed due date. • Maintain proper records and supporting documentation. • Avoid interest, penalties, and compliance risks arising from delays. Timely compliance not only helps avoid legal consequences but also strengthens your organization’s financial discipline and credibility. For professional assistance with Income Tax, TDS/TCS, GST, Company Compliance, PF, ESI, and other regulatory matters, feel free to connect with us. 📍 B-30, First Floor, Sector-6, Noida, Uttar Pradesh – 201301 📞 +91 8376011078 +918376011028 📧teamvvityabazar@gmail.