Tcs
This query is : Resolved
03 January 2021
I received advance of Rs70 lakhs in july 2020 against sales and returned full advance in November 2020.My turnover last year was more then 10 crores. Am i liable to deduct tcs after october 2020 for above transaction. Please advise in details.
07 January 2021
No TCS applicable transaction after October since act was passed after 01st of Oct2020 , above case your transaction date before october
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