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TCS exemption

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(Querist)
28 April 2021 Dear Experts,

according to sec 206C(1H) , Receipt of sale consideration of Rs.50 Lakhs exemption limit is applicable only for F.Y 2020-21 or it is applicable for every year.



Thanks in advance.
Regards,
Bheema Reddy.
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Gokul Sharma

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Gokul Sharma (Expert)
28 April 2021 THE LIMIT IS FOR A FINANCIAL YEAR. IN FUTURE GOVT MAY REDUCED THE LIMIT.
LIMIT IS APPLICABLE FOR EVERY YEAR.

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