TCS ON SALES OF GOODS

TCS ON SALES OF GOODS

TAX COLLECTION AT SOURCE (TCS) UNDER SECTION 206C (1H) OF THE INCOME TAX ACT, 1961 w.e.f. 1st October, 2020 Finance Act, 2020 inserted sub-section (1 H) in section 206C of the Act which mandates that with effect from 1 st day of October, 2020 a seller receiving an amount as consideration for sale of any […]

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