Dear All,
Please clarity whether TCS is exempted for all the categories for below set of Buyers
1. Government
2. When TDS deducted by Seller
3. Agaiinst Form 27C
4. Exports
Thanks in Advance
Subramanya
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TCS Exemptions clarity
Replies (1)
| Category | TCS Applicable? | Notes |
| Government/Consulates | No | Exempt under Section 206C(1H). |
| TDS Deducted by Buyer | No | TDS under provisions like 194Q takes priority. |
| Form 27C Provided | No | Valid for manufacturing/processing (not for trading). |
| Exports | No | Export transactions are excluded. |
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