TCS provision for fY 2021-22

374 views
User Avatar

21 Points Posted on 12 May 2021
what is provision applicable TCS for fY 2021-22 ?
0 Reply Share Follow
On 12 May 2021 at 23:56 Report
Replies (6)
Quick Summary
This discussion clarifies the Tax Collected at Source (TCS) provisions for the financial year 2021-22. It highlights that TCS liability is assessed annually and is not dependent on the previous financial year's collections. Specifically, TCS becomes applicable when annual sales receipts exceed 50 lakh rupees for relevant transactions.

User Avatar

tax consultant
3306 Points Posted on 13 May 2021
Could you please be specific on the nature of transaction to help us comment on the applicability of tcs provision
Reply
On 13 May 2021 at 08:49
User Avatar

Practice
1361 Points Posted on 13 May 2021
Regarding which transactions?
Reply
On 13 May 2021 at 09:05
User Avatar

Chartered Accountant
24588 Points Posted on 13 May 2021
Please elaborate
Reply
On 13 May 2021 at 09:08
User Avatar

Profession Business
28246 Points Posted on 13 May 2021
There are numerous provisions which are being explained for the financial year 20 21.
Please name some of them.
Reply
On 13 May 2021 at 10:34
User Avatar

21 Points Posted on 13 May 2021
Party FY 2020-21 are liable tcs then FY 21-22 tcs liable continue or above 50 lacs on liable?
Reply
On 13 May 2021 at 11:22
User Avatar

Learner
2398 Points Posted on 13 May 2021
You have to check every year. it's not depend on previous year. TCS should be collected when every year when sales receipts crosses 50Lacs.
Reply
On 13 May 2021 at 19:05

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS Code for Salary Payment to Non-Resident Intern
  2. TDS on property
  3. Company data for software
  4. Car purchase to be eligible for ITC
  5. GST Refund on payment to builder
  6. TDS u/s 194Q on electricity supply by DHBVN etc.
  7. Subject: Can I Apply for Fresh GST Registration on
  8. Additional place in GST RC
  9. Company 3 months old, INC-20A not filed, all 3 of
  10. How do I choose the Best GST Lawyers in New Delhi

More recent discussions | Post

Related Topics :

Loading