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TCS on cash sale

This query is : Resolved 
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(Querist)
08 June 2016 kindly explain amendment u/s 206C whether 2lakh limit of cash sale for collectingTCS is on cash sale on single 2 lakh bill or year wise 2 lakh sale to single party
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 June 2016 it is applicable for single bill.
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purva jain

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purva jain (Querist)
09 June 2016 okk, thank you Amol S Joglekar
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 June 2016 Just , to stretch the topic to other extreme,......however please note....a bill is say 8 lakh. Through RTGS or other than cash, amount of 795,000 is paid. 5000 being paid in CASH........the provisions of TCS become applicable.......
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