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Tcs on sale/purchase

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(Querist)
30 May 2016 DEAR EXPERTS,

I WANT TO ASK WHETHER THE TCS ON SALE/PURCHASE EXCEEDING RS.200000 IS ON A SINGLE BILL AMOUNT OR CONSOLIDATED AMOUNT IN A SINGLE YEAR.?
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Rupesh Jain

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Rupesh Jain (Expert)
30 May 2016 TCS will applicable to one person, due to TCS deducted with the person if you make transaction during the year exceeds the amount as specified then tcs will applicable.
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swati jain

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swati jain (Querist)
30 May 2016 WITH SINGLE PERSON, AMOUNT SHALL BE IN RESPECT TO SINGLE BILL OR ON A WHOLE?



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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
30 May 2016 It will be in respect of single bill.

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