Dear Friends,
We were collect 1%TCS against selling of Lignite and same has been paid and filed for Q1 FY 21-22. Now, we received Defaults Notice against Short Deductions. In Justification Report they mentioned 2% TCS Rates as per Act. Anyone can help me in this regard.
Q4, we collected and paid 1% only and didn't receive defaults.
Menu
Defaults for TCS Rate for Collection Code 206CH
Replies (2)
Quick Summary
Rate of tcs is correct i.e 1%
No TCS rate will be 1%
Recent Topics :
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
Related Topics :
CAclubindia
