Amendment in section 206c
This query is : Open
15 June 2016
With new amendment subsection (1D) whether Tcs is applicable if Buyer uses goods for self consumption ?
15 June 2016
now on vehicle exceed 10 lacs and purchase of service and goods exceeds rs. 2 lacs in cash will attrach TCS. to except jeweller its rs. 250000
you can see
taxguru.in/income-tax/tcs-rate-on-sale-of-goods-and-services-wef-01-06-2016.html
you can see
taxguru.in/income-tax/tcs-rate-on-sale-of-goods-and-services-wef-01-06-2016.html
16 June 2016
Earlier in definition of buyer Goods used for self consumption was exempted ... so whether buyer of goods & services exceeds Rs 2 lacs in cash will attract TCS if goods is used for self consumption..??
16 June 2016
now its applicable on the self consumption also, its for stop to use cash purchases.
24 June 2016
Is there any circular or Clarification from CBDT supporting that now it would be applicable on self consumption also
24 June 2016
this in mention in the section. and not given any exemption.
24 June 2016
If Sale Consideration is Rs 4 Lacs, Out of which Rs 3 lacs is paid by cheque and Rs 1 Lac in Cash...
Then in this situation whether TCS shall be applicable and if yes then on what amount ?
Then in this situation whether TCS shall be applicable and if yes then on what amount ?
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