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TCS from 1st OCT. Under which section?
under which section the payment of TCS introduced on goods from 1st oct shall be deducted?
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Quick Summary
Section 206C (1H)
TCS on Sale of Goods is collected U/s 206C ( 1H ) of the Income Tax Act 1961, w.e.f. 01/10/2020. A new sub section ( 1H ) was inserted in Section 206C by Finance Act 2020, for collection of TCS by the seller on sale of any goods.
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