TCS on sale of Goods u/s 206c 1(h)
This query is : Open
Quick Summary
G. Parameshwar Rao
(Querist)
14 April 2021
Dear Experts,
Is TCS on sale of Good u/s 206c 1(h) has been abolished from 1st April-2021.
Please let me know.
Thanks & Regards,
Paramesh
Is TCS on sale of Good u/s 206c 1(h) has been abolished from 1st April-2021.
Please let me know.
Thanks & Regards,
Paramesh
Gokul Sharma
(Expert)
14 April 2021
NO.........NOT ABOLISHED
CMA Poornima Madhava
(Expert)
14 April 2021
Provisions of TCS u/s 206C(1H) are applicable even now. However, w.e.f. 1st July 2021, wherever provisions of TDS u/s 194Q are applicable, TCS u/s 206C(1H) on such transactions would be not applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Advances to related party
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
