Tcs under income tax

in how many days the seller will deposit the TCS amount

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Quick Summary
This discussion clarifies the deadline for sellers to deposit Tax Collected at Source (TCS) under income tax, which is the 7th of the following month. It also raises questions about the practical implications of TCS collection, particularly regarding its use when collected solely through accruals and how it relates to pricing strategies like MRP.

Within 7th of next month

Assuming that the query is about due date for remittance of TCS, it is 7th of subsequent month. Not sure whether the seller WILL certainly do that.

This means a transaction must occur by 7th of next month? That is fine, if tcs alone is collected in accruals, what is the use of tcs? It should be like mrp pricing

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