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

Last updated: 25 July 2024

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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Category Union Budget   Report

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