Till 31st March 2021, the TCS charged @ 0.75%, if INVOICE VALUE more than Rs. 10.00 Lacs
TDS deducted @ 3.75%
Could you please guide whether any change for FY 2021-22
Earlier, the TCS was @ 1.00% if the INVOICE VALUE more than Rs. 10.00 Lacs only
Later changed as if the TOTAL PURCHASE VALUE in a financial year crossed Rs. 50.00 Lacs, TCS @ 1.00% to be paid over and above Rs. 10.00 lacs
Is this clause still in force or repealed
Requesting to guide
CAclubindia
