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TCS ON SALE OF GOODS

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Accountant
144 Points Posted on 04 April 2021
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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On 04 April 2021 at 09:23 Report
Replies (7)
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Chartered Accountant
24588 Points Posted on 04 April 2021
It will be applicable as turnover exceeds 50 lakh rupees
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On 04 April 2021 at 09:45
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Tax consultant
552 Points Posted on 04 April 2021
It is not on sales
receipt crosses fifty lakhs
if crosses in 20 21
applicable from April 21
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On 04 April 2021 at 11:08
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23 Points Posted on 04 April 2021
Please share relevant notification
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On 04 April 2021 at 14:49
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Tax consultant
552 Points Posted on 04 April 2021
17/2020 dt 29 o9.20
of income tax.
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On 04 April 2021 at 16:31
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23 Points Posted on 04 April 2021
But it doesn't shown u/s 206CR
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On 04 April 2021 at 16:37
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Tax consultant
552 Points Posted on 04 April 2021
206CR Only tds filing purpose
study the circular and act accordingly.
actual section 206c1(h)
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On 04 April 2021 at 20:38
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Accountant
119 Points Posted on 04 April 2021
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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On 04 April 2021 at 23:32


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