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TDS/TCS deduction -Reg.

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LAKSHMI KANTH

TAX CONSULTANT

449 Points Joined July 2018

Sir. In the recent budget, there is one TCS/ TDS provision introduced - under income tax Act, 1% if turover exceeds of Rs. 50. 00 lakhs, something like that - right. What is that provision sir.

Replies (1)

Guest

The Union Budget 2020 Introduced several amendments in the TDS and TCS provisions. Here is the list of amendments that will take effect this Financial Year https://www.caclubindia.com/articles/key-amendments-in-tds-tcs-provisions-40889.asp