In 2020-2021 sale was above 10 crore, then tcs was deposited
Now in 2021-2022, sale is less than 10 crore, is it mandatory to deposite tcs on bills above 50 Lac??
Menu
Tcs required to be deposited or not?
Replies (4)
You are not required to collect tcs for this year
Ok ty
TCS is required to be collected u/s 206C(1H) in FY 2021-22 because your turnover was more than Rs. 10 crores in FY 2020-21.
Further, if your turnover remains less than Rs. 10 crores in FY 2021-22 then no TCS is to be collected in FY 2022-23.
Ok thank you
Recent Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
