Easy Office
LCI Learning

Tcs

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 April 2021 Dear Sirs,
for the accounting year 2021-22 shall we charge tcs from 1st day itself or only after crossing 50 lakhs limit. Kindly clarify.

Thanking you sirs,
K.B.Nagesha rao
Profile Image

Ganeshbabu K

Profile Image

Ganeshbabu K (Expert)
01 April 2021 1)Its TDS not TCS
2)TDS to be deducted on the amount of purchase in excess of Rs. 50 lakhs not from 1st rupee of purchase

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links