in how many days the seller will deposit the TCS amount
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 14 April 2021
Within 7th of next month
CMA Poornima Madhava
(CMA)
(13117 Points)
Replied 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
(My grammar is 💯 good I)
(7296 Points)
Replied 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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