Tax collection at source
This query is : Resolved
Anshul Chaplot
(Querist)
17 June 2016
1)
206(ID) SAYS THAT TCS RATE APPLICABLE TO CAR (IF< 2 LAKHS) IS 1%
206(IF) SAYS THAT TCS RATE APPLICABLE TO CAR (IF<10 LAKHS) IS 1%
WHICH ONE TO TAKE EITHER 2 OR 10 LAKHS.
2)
HOW TCS IS APPLICABLE TO PARKING LOT ?
IT IS NORMALLY NOT SEEN
3)
if person make payment through cash-60000 and cheque- 180000
whether tcs is applicable?
206(ID) SAYS THAT TCS RATE APPLICABLE TO CAR (IF< 2 LAKHS) IS 1%
206(IF) SAYS THAT TCS RATE APPLICABLE TO CAR (IF<10 LAKHS) IS 1%
WHICH ONE TO TAKE EITHER 2 OR 10 LAKHS.
2)
HOW TCS IS APPLICABLE TO PARKING LOT ?
IT IS NORMALLY NOT SEEN
3)
if person make payment through cash-60000 and cheque- 180000
whether tcs is applicable?
Rupesh Jain
(Expert)
17 June 2016
if you buy exp. or purchases excess Rs. 2 lacs in cash then TCS will applicable.
on car its excess Rs. 10 lacs , the TCS will applicable , payment mode no matter.
on this not on customer its toll collection and how received the toll then apply.
on car its excess Rs. 10 lacs , the TCS will applicable , payment mode no matter.
on this not on customer its toll collection and how received the toll then apply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
