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Related to tcs

This query is : Resolved 
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(Querist)
19 May 2016 Hello SIr,

If I have sold car of Rs. 10,50,000/- on 2nd July, 2016 and amount of booking received on 5th June, 2016 of Rs. 5000/-;and remaining amount in 3 installments equally say on 15 June, 20 June and 5th July, 2016.

Then what amount of TCS to be collected and on when (Question relates to TCS to be collected at the time of receipt of money on part or on full amount on 1st receipt)


Thanks
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Rupesh Jain

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Rupesh Jain (Expert)
20 May 2016 you can collect on first collection of amount.
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