Tcs
This query is : Resolved
k.b.nagesharao
(Querist)
01 April 2021
Dear Sirs,
for the accounting year 2021-22 shall we charge tcs from 1st day itself or only after crossing 50 lakhs limit. Kindly clarify.
Thanking you sirs,
K.B.Nagesha rao
for the accounting year 2021-22 shall we charge tcs from 1st day itself or only after crossing 50 lakhs limit. Kindly clarify.
Thanking you sirs,
K.B.Nagesha rao
Ganeshbabu K
(Expert)
01 April 2021
1)Its TDS not TCS
2)TDS to be deducted on the amount of purchase in excess of Rs. 50 lakhs not from 1st rupee of purchase
2)TDS to be deducted on the amount of purchase in excess of Rs. 50 lakhs not from 1st rupee of purchase
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