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CA Sapna Ghelani (Chartered Accountant)     14 April 2021

Tcs under income tax

in how many days the seller will deposit the TCS amount



 3 Replies

Sourav

Sourav (Student)     14 April 2021

Within 7th of next month
CMA Poornima Madhava

CMA Poornima Madhava (ACMA)     14 April 2021

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.

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     15 April 2021

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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