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28 Points
Posted on 20 May 2016
hello
I would like to know is there any new amendment applicable from 01.06.2016 of TCS 1% should be deducted on payment received in cash on sale of goods/provision of any services*xceeding Rs.2 Lac?
If Yes, how is the Tax deducted and how is this paid to Government.
what is cash is received in bank more then 2 Lacs? will TCS be deducted?