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Mysuru's Evening Daily · Since 1978
Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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TCS on sale of Goods: Some Tips

Mysore/Mysuru: With the Finance Act 2020, Tax Collection at Source (TCS) on sale of Goods has been introduced by the Government with effect from Oct. 1, 2020 under Section 206 C (1H)…

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Published November 17, 2020 · 2 min read
tcs on sale of goods: some tip

Mysore/Mysuru: With the Finance Act 2020, Tax Collection at Source (TCS) on sale of Goods has been introduced by the Government with effect from Oct. 1, 2020 under Section 206 C (1H) of the Income Tax Act, 1961. Following are the few tips for TCS:

i) Any seller whose business turnover during the FY 2019-20 exceeds Rs.10 crore shall make TCS.

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