TCS on sale of goods- Section 206C(1H) of Income Tax Act

CA Alexandar Gazi , Last updated: 10 July 2020  
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Section 206C (1H): TCS under Income Tax is now applicable on sale of all types of goods 1. Every seller of goods shall collect TCS @0.1% from buyer. Where buyer cant provide PAN or Aadhaar Number to the seller TCS shall be collected @1% instead of 0.1%. Section 206C(1H) shall come into effect

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CA Alexandar Gazi
(PRACTICING CHARTERED ACCOUNTANT)
Category Income Tax   Report

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