What is section & code to be selected while paying TCS u/s 206C(1H) ?
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Quick Summary
This discussion addresses the confusion surrounding the correct payment code for Tax Collected at Source (TCS) under Section 206C(1H) of the Income Tax Act. Users are struggling to find the appropriate option in Challan 281, as the '6CP: TCS on Sale of Goods' code is incorrectly reflecting as 'Remittance under LRS for Educational Loan'. Alternative codes like '6CM' and '6CR' are being suggested. The thread also touches upon how various TCS payments are reflected in Form 27D.