Can someone please Tell me What is TCS all about ? & when is TCS requied to be Levied ?
thanks in advance to all.
CA Gaurav Ajit Potdar
(Chartered Accountant)
(846 Points)
Replied 23 December 2012
TCS
The seller has to collect tax from the payer who has purchased the following items :
The TCS on the above mentioned items vary from 1% to 5%
Deposit of TCS amount- within seven days of the following month.
Issue of TCS certificate- within in one month of collection /debit(form 27D)
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
