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COLLECTION OF TCS

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15 April 2021 ONE OF MY CLIENT DOING TRADING BUSINESS AROUND FOUR CRORES SALES TURNOVER DURING THE PREVIOUS YEAR FY 2019-20. CURRENT FY ALSO AROUND THE SAME SALES TURNOVER. PLEASE LET ME KNOW THEY LIABLE TO COLLECT TCS FROM THE BUYER IN THE SALE CONSIDERATION IS EXCEEDING Rs.50 LACS FROM 01.10.2020.
PLEASE CLARIFY
REGARDS/SR
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 April 2021 Not liable as turnover is less than 10 crore.
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