Related to tcs
This query is : Resolved
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
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
20 May 2016
you can collect on first collection of amount.
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