10 June 2016
Can anyone let me know, w.e.f. 01.06.2016, whether t.c.s. is to be deducted on cash sales exceeding 2 lacs ? Or any sales exceeding 2 lacs ?
10 June 2016
only on cash sales on any goods/ services provided
by all except individual/huf does not cover under 44AB.
ind./huf not liable for tax audit need not to deduct TCS.