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The Finance Act, 2020 inserted sub-section (1H) u/s 206C w.e.f 01.10.2020 which requires a seller to collect TCS from the buyer for the amount received as consideration for the sale of goods if it exceeds Rs. 50 lakhs in any previous year.
Section 9 of Income Tax Act , 1961The Indian Income-tax Act provides for levy of income-tax on the income of foreign companies and non-residents, but only to ..
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