TDS And TCS from 01.07.2021

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consultant
64 Points Posted on 30 July 2021
sir.our client turnover is below 10 cr in last year....but in this turn over one customer purchases above 50 laks from me....so in this year any tds or tcs provisions applicable or not from 1.7.2021...please....
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On 30 July 2021 at 12:17 Report
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Quick Summary
This discussion clarifies TDS and TCS applicability for businesses with a turnover below ₹10 crore in the previous financial year. If your total turnover is under this threshold, specific TDS or TCS provisions will not apply, even if a single customer's purchases exceed ₹50 lakhs. The key factor for exemption is the overall turnover limit.

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CMA
13117 Points Posted on 30 July 2021

Not applicable because turnover for last year is up to ₹10cr

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On 30 July 2021 at 12:20
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consultant
64 Points Posted on 30 July 2021
Thank u sir
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On 30 July 2021 at 12:32
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BUSINESS DEVELOPMENT MANAGER
1697 Points Posted on 30 July 2021

No tds or tcs is not apllicable because turnover should be up to 10 cr

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On 30 July 2021 at 12:45
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Chief Accountant
3150 Points Posted on 30 July 2021
Not applicable, as turnover below limit
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On 30 July 2021 at 13:35
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Chartered Accountant
24588 Points Posted on 30 July 2021
No TCS is not applicable as turnover is less than 10 crores rupees
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On 30 July 2021 at 14:10

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