banner_ad

Sec 206c(1H)

Others 187 views 4 replies
User Avatar

Kkk
1204 Points Posted on 01 July 2021
if seller deduct tcs as per 206C(H1) then buyer can claim credit of it.
0 Reply Share Follow
On 01 July 2021 at 14:10 Report
Replies (4)
User Avatar

CMA
13117 Points Posted on 01 July 2021
Yes, if the seller collects tax at source u/s 206C(1H), the buyer (having PAN) can claim credit of it by adjusting against tax liability at the time of filing of ITR.
Reply
On 01 July 2021 at 14:31
User Avatar

Kkk
1204 Points Posted on 01 July 2021
Thank u any other liability on behalf of seller.and some company wants a declaration from buyer regarding non applicability of 206CCA is there anu liability to give such declaration that SEC 206CCA is not applicable on it of tdz and tcs does not exceeds 50000
Reply
On 01 July 2021 at 14:37
User Avatar

CMA
13117 Points Posted on 01 July 2021
Last 2 year's ITR confirmation and check on 50k limit can be verified from the portal itself. Declaration can act as a backup doc if the portal does not function due to any technical glitch.
Reply
On 01 July 2021 at 14:42
User Avatar

Kkk
1204 Points Posted on 01 July 2021
Thanks alot for ur guidance
Reply
On 01 July 2021 at 14:48


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details