a person assemble different parts of product and provide the final product to other person. is tcs applicable in this case as this is job work.? amount exceeds 50lacs.
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Quick Summary
This discussion clarifies the applicability of Tax Collected at Source (TCS) on job work. If an individual assembles parts to create a final product for another party, and the total value exceeds ₹50 lakhs, TCS is indeed applicable.