Sec 206cl under I tax

what is sec 206cl
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Quick Summary
Section 206CL relates to Tax Collected at Source (TCS). TCS is a tax that a seller is responsible for, which they collect from the buyer during a sale. This section clarifies the mechanism and obligations surrounding this tax collection process.

Tax collected at source

 Tax collected at source (TCS) is the tax payable by a seller which he collects from the buyer at the time of sale. 

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