Tcs About seller

Dear Sir/Madam,

My client has doing coconut trading business.his total turnover below 5 crores for a FA. Now he sold more than 50 lakes for one of his customer. So does he TDS need to be paid ? 

Replies (5)
Quick Summary
This discussion clarifies whether Tax Collected at Source (TCS) under Section 206C(1H) applies to a coconut trading business with a turnover below 10 crore rupees in the previous financial year. The consensus is that TCS is not applicable in this scenario, as the threshold for this section is a turnover exceeding 10 crore rupees.

No. TCS u/s. 206C(1H) is applicable only if the turnover becomes more than 10 Crs. in previous FY.

NoT applicable
Yes not applicable
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