09 June 2016
Dear sir , as per CBDT clarification TCS is not applicable cash received up to 2,00,000/- for more than sale consideration 2,00,00/- and less than sale consideration 10,00,000/- . is it correct sir , please read TCS frequently asked question no 7. circular no 22/2016
09 June 2016
cash recd against good & service sale exceeds rs. 200000/- and for motor vehicle exceeds Rs. 10 lacs whether it is in cash or not tcs will applicable.
CAclubindia
