TCS U/S 206C(1H)

What is the nature of payment for deposit of tcs on sale of goods u/s 206c(1h).
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Quick Summary
This discussion clarifies the nature of payment for Tax Collected at Source (TCS) under Section 206C(1H) of the Income Tax Act. It confirms that the relevant nature code for TCS on sale of goods is '6CR'. The conversation also touches upon specific scenarios like TCS on the sale of commercial and passenger motor vehicles, and used motor scrap material.

Hi Manit Singh, Sec is 206C and nature code is 6CR.
Yes. thanks
Sir,what is the nature of payment for tcs on sale of commercial & passenger motor vehicles, sale of used motor scrap material.

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