X, a seller having turnover exceeding RS 10 Crore in each of FY 2019-20 and 2020-21 has made TCS in respect of sales exceeding RS 50 Lacs to his customer Y in FY 2020-21. Now in running FY 2021-22 sales to Y is below 50 Lacs at present.
My query is that whether TCS is applicable on present sales to Y.
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Section 206C(IH)
Replies (1)
No, not applicable as it is within the threshold limit.
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