TCS section

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Learner
51 Points Posted on 11 June 2020
What is Section 206 CD under TCS? Shall it be counted as income?
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On 11 June 2020 at 16:44 Report
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This discussion clarifies that TCS (Tax Collected at Source) is a tax levied on the seller to collect from the buyer at the point of sale for specific goods. It is explicitly stated that TCS itself is not counted as income. The conversation then seeks clarification on a specific 'Section 206CD' related to TCS, but no information on such a section could be found.

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Article Student
357 Points Posted on 11 June 2020
Hey there , TCS is simply Tax collected at source which the seller has to collect from the buyer at the time of sale of specified goods and deposit to the Government. It will not be counted as income.
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On 11 June 2020 at 16:54
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Learner
51 Points Posted on 11 June 2020
Here I'm asking about section 206CD? Kindly note it...
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On 11 June 2020 at 17:07
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Article Student
357 Points Posted on 11 June 2020
Okay , I don't find any section like 206CD ! Can you provide more information about it?
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On 11 June 2020 at 17:12
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Learner
51 Points Posted on 11 June 2020
I myself don't know
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On 11 June 2020 at 17:14

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