TCS Rate chart: What are the applicable TCS rates for FY 2019-20 and 2020-21?

, Last updated: 02 November 2020 Share Follow on Google News

What is TCS? As per the Income Tax Act, 1961, certain individuals/businesses have to collect a specified percentage of tax from their buyers on certain transactions. Such tax is known as the Tax Collected at Source or TCS. Section 206C of the Income Tax Act, 1961 deals with the goods on which tax

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Aishna Kukreja

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Assistant Editor, CAclubindia at Interactive Media Pvt. Ltd. Designing a multi-channel content management strategy for CAclubindia by regularly working on SEO-optimised, industry-related content, and improving the user experience in the process. Interacting with leaders from core finance, finance e-learning, and ... Read more

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