Dear persons,
section 206 A applicable for TCS tax collected at source
what is the eligibility ???
please elabrotely explain me the turnover details
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.
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