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This query is : Resolved 
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(Querist)
17 August 2016 WE ARE MANUFACTURERS OF DE OILED RICE BRAN FROM SOLVENT EXTRACTION PROCESS WE ARE SELLING OUR DOB TO LOCAL FARMERS TO CASH MY DOUBTS ARE AS FOLLOWS:

1) CASH SALE TO MR X 1,50,000/- NO TCS APPLICABLE

BUT OUR TOTAL TRANSACTIONS TO MR X IS 25,00,000/- IN THIS MONTH ALL INVOICES ARE BELOW 2,00,000

TOTAL AMOUNT OF RS.25,00,000/- RECEIVED IN CASH

THERE IS ANY LIABILITY TO PAY TCS FOR THE ABOVE TRANSACTION

THANKING YOU
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 August 2016 No liability, as all the invoices value is less than 2 lacs.
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