TCS related queries

This query is : Resolved 

26 November 2007 Is there any threshold limit specified for TCS as in TDS. If so then plz provide details.

26 November 2007 TCS is applicable as to the type of transaction and there is so specific limit. eg., liquor tenders and sales, forest products tender and sales by Government attracts TCS irrespective of the amount of the transaction.

Unlike TDS, TCS is made by government alone in the specified transactions as mentioned above.

27 November 2007 No thresold limit




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