TCS under section 206 CR
This query is : Resolved
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07 December 2021
Hello, A company Tax Collected at Source u/s 206 CR . reflecting in 26AS of assessee for
A Y 2021-22. Whether learned professionals would like to establish their opinion about this section. Or it was feeded by mistake in 26 A S. With due regards.
A Y 2021-22. Whether learned professionals would like to establish their opinion about this section. Or it was feeded by mistake in 26 A S. With due regards.
07 December 2021
A new section 206C (1H) was introduced by Finance Act 2020 to extend the TCS provisions to the seller of goods. As per this provision, a seller is required to deduct tax at the source on the sale of goods if the aggregate value of such sale exceeds Rs.50 lakh during the relevant financial year.
In case TCS is deducted as above claim in in ITR.
In case TCS is deducted as above claim in in ITR.
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