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tcs

This query is : Resolved 
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(Querist)
02 June 2016 please clarify me one thing, while applying tcs (exceeds 2 lacs one bill), part paid cash and part paid by chq , then on full bill tcs has to be collected by seller or not.
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 as per law tcs collected on invoice exceeds rs. 2 lacs , if you received any part in cash then you have to collect the
TCS.

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