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Tds and tcs

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(Querist)
29 June 2016 I AM AN ACCOUNTANT IN AN SERVICE PROVIDER FIRM. IS THE FIRM WILL COLLECT TCS FROM ITS DEBTORS OR NOT? PLEASE HELP
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Rupesh Jain

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Rupesh Jain (Expert)
29 June 2016 TCS on bill of cash payment recd exceeds Rs. 2 Lacs per bill then TCS @ 1% will be collected on receipts of cash.

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