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Tcs on sale bill over 2lakhs

This query is : Resolved 
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(Querist)
07 April 2017 BILL FOR 2 LAKHS PAID ONE LAKH IN CASH AND ONE LAKH BY CHEQUE
WHETHER TCS HAVE TO COLLECTED ON TWO LAKHS ON ONLY ON CASH PORTION I.E.ONE LAKH
PLEASE CLARIFY URGENT
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 April 2017 TCS will be collected only on cash component (in case cash consideration exceeds 2,00,000) and not on the entire sale consideration.

Inference - CBDT Circular 23/2016 dated 24-6-2016.
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makhan lall kajaria

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makhan lall kajaria (Querist)
08 April 2017 MR. B.CHACKRAPANI- THANKS FOR YOUR REPLY
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