TCS sec 206(1H)

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59 Points Posted on 01 April 2021
today onwards at what rate applicable
0.075 or 0.1℅
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On 01 April 2021 at 07:29 Report
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This discussion clarifies the applicable rate for TCS under Section 206(1H). While the general rate is 0.1%, it can be reduced to 0.075% under specific conditions. It's important to note that the earlier 25% reduction in TDS/TCS liability was only valid until March 31, 2021.

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Chartered Accountant
24588 Points Posted on 01 April 2021
0.1% but subject to certain conditions the rate will be 0.075©
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On 01 April 2021 at 09:11
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59 Points Posted on 01 April 2021
What are conditions please
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On 01 April 2021 at 09:36
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Chartered Accountant
5010 Points Posted on 01 April 2021

0.1%. The earlier reduction of 25% of TDS/TCS liability was only valid upto 31st March 2021

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On 01 April 2021 at 10:39

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