TCS on Sale of Goods: The Seven Whammies!
Friday Sep 25, 2020

Under Simple terms, Sundeep Gupta has described Tax Collection at Source (TCS) is an additional amount collected by seller from buyer. Under Income Tax Act 1961, Section 206C(1H) the percentage prescribed is 0.1% for FY 2020-2021 (this would be 0.075% due to Covid).

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