in how many days the seller will deposit the TCS amount
CA Sapna Ghelani (Chartered Accountant) (7550 Points)
14 April 2021in how many days the seller will deposit the TCS amount
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 April 2021
Assuming that the query is about due date for remittance of TCS, it is 7th of subsequent month. Not sure whether the seller WILL certainly do that.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 15 April 2021
This means a transaction must occur by 7th of next month? That is fine, if tcs alone is collected in accruals, what is the use of tcs? It should be like mrp pricing
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