Who is liable for tcs collection?
This query is : Resolved
Ram Ji Srivastava
(Querist)
25 April 2012
Who is liable to collection TCS and what is the requirement for collection of TCS? There is any exemption limit for the same as in TDS case.
Regards
Ram Ji
Who is liable to collection TCS and what is the requirement for collection of TCS? There is any exemption limit for the same as in TDS case.
Regards
Ram Ji
CA Prashant Gupta
(Expert)
25 April 2012
Every person who sells goods mentioned in TCS schedule is liable to collect TCS.
You have to collect the TCS and deposit the same within 7th of next month.
there is no exemption limit for TCS collection.
You have to collect the TCS and deposit the same within 7th of next month.
there is no exemption limit for TCS collection.
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Ram Ji Srivastava
(Querist)
25 April 2012
Dear Prashant Sir,
Thanx for your valuable advice.
Regards,
Ram JI
Thanx for your valuable advice.
Regards,
Ram JI
CA PRAVEEN SINGH
(Expert)
25 April 2012
AGREE WITH ABOVE...
GENERALLY TCS IS COLLECTED ON SALE OF SCRAP.
GENERALLY TCS IS COLLECTED ON SALE OF SCRAP.
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