Tcs
This query is : Resolved
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
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
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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Putting a heading on received mail
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
