Dear persons,
section 206 A applicable for TCS tax collected at source
what is the eligibility ???
please elabrotely explain me the turnover details
Menu
TCS 206 doubt please help me
Replies (1)
Section 206A of the Income Tax Act, 1961 is applicable for TCS (Tax Collected at Source) as well as TDS (Tax Deducted at Source). Section 206A requires that if a person fails to provide their PAN (Permanent Account Number) to the person collecting TCS, the TCS rate will be twice the specified rate or 5%, whichever is higher.
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
