TDS And TCS from 01.07.2021

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....
Replies (5)
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.

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

Thank u sir

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

Not applicable, as turnover below limit
No TCS is not applicable as turnover is less than 10 crores rupees

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