TCS U/S 206C(1H)

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student
40 Points Posted on 06 November 2020
What is the nature of payment for deposit of tcs on sale of goods u/s 206c(1h).
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On 06 November 2020 at 20:05 Report
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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.

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Accountant
86 Points Posted on 06 November 2020
Hi Manit Singh, Sec is 206C and nature code is 6CR.
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On 06 November 2020 at 22:41
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student
40 Points Posted on 06 November 2020
Yes. thanks
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On 06 November 2020 at 22:48
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26 Points Posted on 08 November 2020
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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On 08 November 2020 at 16:26

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