TCS on Sale u/s 206CR
This query is : Resolved
Manoj Kumar Sharma
(Querist)
12 May 2023
Please provide the amount of TCS u/s 206CR in the following Scenario:
Sale upto Dec'22 Rs. 50,00,000
Sale in Jan'23 Rs. 10,00,000
Sale in Feb'23 Rs. 20,00,000
Sale in Mar'23 Rs. 30,00,000
Collection upto Feb'23 Rs. 50,00,000
Collection in Mar'23 Rs. 20,00,000
So TCS U/s 206CR in Mar'23 should be 0.1% of Rs. 20,00,000 (Collection exceeding 50 Lacs) = Rs. 2,000/-
or 0.1% of Rs. 60,00,000 (Sales exceeding 50 Lacs) = Rs. 6,000/-
Please reply urgently.
Sale upto Dec'22 Rs. 50,00,000
Sale in Jan'23 Rs. 10,00,000
Sale in Feb'23 Rs. 20,00,000
Sale in Mar'23 Rs. 30,00,000
Collection upto Feb'23 Rs. 50,00,000
Collection in Mar'23 Rs. 20,00,000
So TCS U/s 206CR in Mar'23 should be 0.1% of Rs. 20,00,000 (Collection exceeding 50 Lacs) = Rs. 2,000/-
or 0.1% of Rs. 60,00,000 (Sales exceeding 50 Lacs) = Rs. 6,000/-
Please reply urgently.
CA R SEETHARAMAN
(Expert)
13 May 2023
It's 0.1% of Rs. 60,00,000 (Sales exceeding 50 Lacs) = Rs. 6,000/-
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