One of my client is D.O. holder of coal under in Jharkhand State Mineral Development Corporation Ltd., Ranchi. The department has deducted TCS from every bill of coal and as per law My client's liability is deduct TCS from every purchaser of coal and deposit in to bank & submit quarterly TCS return. But most of the purchaser have no PAN card and they have not submitting income tax return. So in this stage what should be do?
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Tcs on coal
Replies (4)
Follow only basic Rule if you don't hav Pan Deduct / collect @ 20%. don't bother about whether they file income tax return or not.
But they dont want do deduct TCS in any condition.
Dear
Rakesh Bhalotia ask them to submit certificate 197 for low tax deduction of tax or nill if they are unable to submit that you have to deduct the particular amount deduction
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