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Income tax tcs 50 lakh crossing limit
if i received 27 lakhs in 5th sep 2020 and 28 lakh in 5th dec 2020 from same customer,do i have to pay tcs on full 28 lakh received on 5th dec or just on 5 lakh(28+27 - 50 lac)? my view is on full 28 lakh. am i wrong?
Replies (2)
On full value
On 5 lakhs
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