Who is liable for tcs collection?


This query is : Resolved 

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

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.

25 April 2012 Dear Prashant Sir,

Thanx for your valuable advice.

Regards,
Ram JI

25 April 2012 AGREE WITH ABOVE...
GENERALLY TCS IS COLLECTED ON SALE OF SCRAP.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details