TCS provision for fY 2021-22

12 May 2021

what is provision applicable TCS for fY 2021-22 ?

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6 Replies

veerendar singh (tax consultant) (3301 Points)
Replied 13 May 2021

Could you please be specific on the nature of transaction to help us comment on the applicability of tcs provision

Lotus Agrawal (Practice) (1361 Points)
Replied 13 May 2021

Regarding which transactions?

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 13 May 2021

Please elaborate

sabyasachi mukherjee (27603 Points)
Replied 13 May 2021

There are numerous provisions which are being explained for the financial year 20 21.
Please name some of them.

Varsha Prajapati (21 Points)
Replied 13 May 2021

Party FY 2020-21 are liable tcs then FY 21-22 tcs liable continue or above 50 lacs on liable?

Sivaramaraju G (Learner) (2398 Points)
Replied 13 May 2021

You have to check every year. it's not depend on previous year. TCS should be collected when every year when sales receipts crosses 50Lacs.

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