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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?
Replies (3)
Yes.
April to June -2021 -Turnover is above 50 Lakhs -TDS Deduction Applicable @ 0.01% From July 1st.
April to June -2021 -Turnover is above 50 Lakhs -TDS Deduction Applicable @ 0.01% From July 1st.
TCS will be deducted by seller and TDS will be by Buyer .
Yes TDS should be deducted
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