Tcs u/s 206cr on receipt
This query is : Resolved
07 September 2023
Dear Sir
When it comes to tcs on receipt u/s 206cr, Sale consideration related to last year sake should be considered as receipt while collecting tcs or only current year sale consideration will be taken??
i.e,
Total receipt in FY 22-23 is Rs. 80,00,000/-
Receipt related to sale FY 2021-22 Rs. of Rs. 20,00,000/-
Receipt related to Sale FY 2022-23 Rs, of Rs. 60,00,000/-
TCS will be collected on 30,00,000 or 10,00,000 ??
When it comes to tcs on receipt u/s 206cr, Sale consideration related to last year sake should be considered as receipt while collecting tcs or only current year sale consideration will be taken??
i.e,
Total receipt in FY 22-23 is Rs. 80,00,000/-
Receipt related to sale FY 2021-22 Rs. of Rs. 20,00,000/-
Receipt related to Sale FY 2022-23 Rs, of Rs. 60,00,000/-
TCS will be collected on 30,00,000 or 10,00,000 ??
08 September 2023
TCS will be collected on 30 lacs on receipt basis.
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