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TCS section

Luhit Dey (Learner) (51 Points)

11 June 2020

What is Section 206 CD under TCS? Shall it be counted as income?

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Dhruv Shah (Article Student) (357 Points)
Replied 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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Luhit Dey (Learner) (51 Points)
Replied 11 June 2020

Here I'm asking about section 206CD? Kindly note it...

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Dhruv Shah (Article Student) (357 Points)
Replied 11 June 2020

Okay , I don't find any section like 206CD ! Can you provide more information about it?

Luhit Dey (Learner) (51 Points)
Replied 11 June 2020

I myself don't know

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