02 July 2016
Dear Experts, can anyone of you please let me know whether TCS 1% on cash payments exceeding Rs. 2 lacs is transaction wise or per annum?
my 2nd query is it suggestable to raise 2 seperate invoices to avoid the above levy?
pls respond. it's urgent. pls share if any circular/notification available. ..
Thank you...
CAclubindia
