Title says it all, I deal with lot of foreign transactions and I wanted to get an OPC registered but I am not sure if TCS applies on it or not. Or after 1st October rule changes.
Nothing is available on google, I need you guys.
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Is TCS applicable on OPC or PVT LTD. Companies.
Replies (4)
Quick Summary
Not able to understand what exactly you are trying to ask. Kindly elaborate your query !!
Conditions if any please
I mean, TCS which is now 20% from Oct 1 is applicable to OPC doing foreign transactions? TCS is applied after crossing 7 lakhs foreign transactions limit in the case of individual but I am not sure is it the same case for OPCs?
Threshold limit is seven lacs I know.
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