In F.Y 2020-21 tcs applicable on buyer due to sale exceeds over 50 lakh till March 2021.
In F.Y 2021-22 will tcs applicabe on same buyer from april onwards or when his sale exceeds over 50 lakh in F.Y 2021-2022 ?
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TCS ON SALE OF GOODS
Replies (7)
Quick Summary
It will be applicable as turnover exceeds 50 lakh rupees
It is not on sales
receipt crosses fifty lakhs
if crosses in 20 21
applicable from April 21
receipt crosses fifty lakhs
if crosses in 20 21
applicable from April 21
Please share relevant notification
17/2020 dt 29 o9.20
of income tax.
of income tax.
But it doesn't shown u/s 206CR
206CR Only tds filing purpose
study the circular and act accordingly.
actual section 206c1(h)
study the circular and act accordingly.
actual section 206c1(h)
Actually tds applicable once receipts exceeds 50lakhs from same buyer in every financial year.It not depending on the receipt of previous year.
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