TCS On Sale
This query is : Resolved
08 July 2021
I Have query if i make a bill 1st Feb 2021 (FY 2020-2021) and add tcs in this invoice but payment received in may 2021 (FY 2021-2022) so when i tcs deposited Jan 2021 or June 2021 ?
08 July 2021
Tax to be collected at source against receipt of sale consideration. If payment is received in May, TCS to be remitted by 7th June.
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