TCS on Sale of Goods - Sec 206C(1H)

Last updated: 26 September 2020
Quick Summary
This document explains Section 206C(1H) of the Income Tax Act, 1961, concerning Tax Collected at Source (TCS) on the sale of goods. It details the applicability criteria for sellers, including turnover thresholds and effective dates. The guide clarifies who qualifies as a 'seller' and outlines the TCS rates, including provisions for cases where buyer PAN/Aadhaar is unavailable. This information is crucial for businesses to ensure compliance with new tax regulations.

File details
PPTX 506 KB 1 downloads Income Tax
File description
A PPT giving a brief knowledge related to Provision under Sec. 206C(1H) of Income Tax Act. #pptx
Download PPTX 506 KB Like
Submitted by · Posted 26 September 2020 · Other files by Subodh Jain · Report
Comments

Recent Files in Income Tax

View more →
PDF

FAQs on TAN as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Tax Audit as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Agricultural Income (Section 2(5) and Rule 270) as per IT Act 2025

17 September 2026 Download
PDF

Withholding Tax Rates as per IT Act 2025

14 September 2026 Download
PDF

ICAI Releases Handbook on Residential Status for NRIs

10 September 2026 Download
PDF

User Manual of UDIN Portal for ICAI DigiCA Platform

01 September 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member S. AGARWAL & ASSOCIATESS. AGARWAL & ASSOCIATESPro Member Rishi JainRishi JainPro Member NILESH CHAVDANILESH CHAVDAPro Member ACCFIN SOLUTIONSACCFIN SOLUTIONSPro Member John Ravindran MosesJohn Ravindran Moses
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI Bulletin - September 2026
  2. Developments in India's Balance of Payments for the m/o July 2026
  3. ICSI | Exposure Draft of Proposed Syllabus 2027
  4. CA Intermediate Financial Management and Strategic Management Paper New Course September 2026
  5. FAQs on Agricultural Income (Section 2(5) and Rule 270) as per IT Act 2025
  6. FAQs on Tax Audit as per IT Act 2025
  7. FAQs on TAN as per IT Act 2025

Latest Job Openings

View all
Company
29 September 2026
Work at home

Lottery.sambad.tv

Bhopal

Others

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details