TCS ON sale of good
Himanshu Agarwal (Proprietor) (186 Points)
07 April 2021Now For FY 2021-22 he need to deduct TCS from first bill i.e from Rs Zero or after crossing 50 L in FY 2021-22 also
Himanshu Agarwal (Proprietor) (186 Points)
07 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 07 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 07 April 2021
TCS is applicable once the sale consideration received crosses the limit of Rs.50 lacs in a year, provided the turnover (of collector) criterion is also satisfied.
Devina
(Article)
(111 Points)
Replied 21 April 2021