Budget 2024-25: New Provision to Allow TCS Credit for Minors to be Claimed by Parents

Last updated: 25 July 2024 Follow on Google News

Claiming credit for TCS of minor in the hands of parent Section 206C of the Act provides for the collection of tax at source (TCS) on business of trading in alcoholic liquor, forest produce, scrap etc. Representations have been received that there is no provision in the Act for allowing credit of T

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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