TCS ON SALE OF GOODS SEC 206C(1H)


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Quick Summary
This discussion clarifies the correct Nature of Payment code for depositing Tax Collected at Source (TCS) under Section 206C(1H) of the Income Tax Act, specifically for the sale of goods. While the IT department may still be updating systems, the recommended code for Challan 281 is 6CR. Using this section for TCS payments on goods should ensure correct filing.

06 November 2020 Dear sir,
What is the Nature of Payment code under challan 281 for Payment of TCS under sec 206C(1H).

Thanks in advance,
Regards,
Bheema Reddy.

06 November 2020 Select 6CP and pay challan file TDS return with right section it will be accepted.
IT dept yet to update challan.

06 November 2020 6CR code available for deposit of tcs on sale of goods in tin nsdl website.

30 January 2021 Use Section 206CR in challan for payment of TCS on sale of goods


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