Sec 206cl under I tax

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15 Points Posted on 28 December 2020
what is sec 206cl
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On 28 December 2020 at 12:45 Report
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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.

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Tax consultant
5895 Points Posted on 28 December 2020

Tax collected at source

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On 28 December 2020 at 13:25
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STUDENT
1631 Points Posted on 28 December 2020
 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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On 28 December 2020 at 19:08

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