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saurabh gupta   16 July 2021

Tcs, tds query

Sir my last year turnover was 10 crores and i pay Tcs on my purchase. So do I also have to deduct TDS on payment above 5000000?


 3 Replies

Balamurali Unnithan MS

Balamurali Unnithan MS (STUDENT)     16 July 2021

Yes.
April to June -2021 -Turnover is above 50 Lakhs -TDS Deduction Applicable @ 0.01% From July 1st.
1 Like
prasad Nilugal

prasad Nilugal   16 July 2021

TCS will be deducted by seller and TDS will be by Buyer .
Sourav

Sourav (Student)     16 July 2021

Yes TDS should be deducted
1 Like

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