TCS exemption
This query is : Resolved
K BHEEMA REDDY
(Querist)
28 April 2021
Dear Experts,
according to sec 206C(1H) , Receipt of sale consideration of Rs.50 Lakhs exemption limit is applicable only for F.Y 2020-21 or it is applicable for every year.
Thanks in advance.
Regards,
Bheema Reddy.
according to sec 206C(1H) , Receipt of sale consideration of Rs.50 Lakhs exemption limit is applicable only for F.Y 2020-21 or it is applicable for every year.
Thanks in advance.
Regards,
Bheema Reddy.
Gokul Sharma
(Expert)
28 April 2021
THE LIMIT IS FOR A FINANCIAL YEAR. IN FUTURE GOVT MAY REDUCED THE LIMIT.
LIMIT IS APPLICABLE FOR EVERY YEAR.
LIMIT IS APPLICABLE FOR EVERY YEAR.
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