Tcs sub section 1d
This query is : Resolved
22 June 2016
Ours is a vehicle dealership. We want to know about sub sec 1D. If the invoice value (ex showroom price) is above Rs. 2 Lacs and we have recd cash Rs. 11000 against such invoice then whether we have to deduct tcs or not?
23 June 2016
yes you have to collect the tcs on invoices exceeds rs. 200000/-
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