Tcs 1%

Rajesh Bhanushali (fdwdsds) (28 Points)

20 May 2016  
hello I would like to know is there any new amendment applicable from 01.06.2016 of TCS 1% should be deducted on payment received in cash on sale of goods/provision of any services*xceeding Rs.2 Lac? If Yes, how is the Tax deducted and how is this paid to Government. what is cash is received in bank more then 2 Lacs? will TCS be deducted?