New TCS Rules on Luxury Goods: Section 206C Amendments w.e.f 1st January 2025

Last updated: 26 July 2024

TCS under sub-section (1F) of Section 206C on notified goods The existing provisions of section 206C of the Act provide, inter alia, for the collection of tax at source on business of trading in alcoholic liquor, forest produce, scrap etc. Sub-section (1F) provides that every person, being a seller

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