Tcs of traders new rule
This query is : Resolved
rinku prasad
(Querist)
06 July 2016
Respected Sir,
Please make me clear about the latest TCS rule on Cash payment of threshold limit Rs 2 lakh full and detail concept about the payment limit,period (monthly/yearly),procedure of accounting of deduction to deposit the same .
Please make me clear about the latest TCS rule on Cash payment of threshold limit Rs 2 lakh full and detail concept about the payment limit,period (monthly/yearly),procedure of accounting of deduction to deposit the same .
Soumitra Basu
(Expert)
07 July 2016
THE CBDT HAS ALREADY ISSUED 2 CIRCULARS IN THIS RESPECT. PLEASE GO THROUGH.
13 July 2016
The limit of Rs. 2 lakhs is for per transaction.
Soumitra Basu
(Expert)
13 July 2016
please see cbdt circular no. 22 and 23 of 2016
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