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)
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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