TCS ON SALE OF GOODS
This query is : Open
Dharam Pal
(Querist)
24 January 2021
PLEASE CLARIFY IF THE SALE AMOUNT IS NIL FROM 1..4.2020 TO 30.9.2020 BUT THE SELLER RECEIVED THE AMOUNT RS. 200000/- BEFORE 30.9.2020 AND AMOUNT RECEIVED AFTER 1.10.2020 RS. 5500000/-. PLEASE CALCULATE THE TCS AMOUNT .
THANKS
THANKS
CA Rashmi Gandhi
(Expert)
24 January 2021
TCS WILL BE CALCULATED ON 700000@.075% AS PER SECTION 206C(1H)
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