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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.

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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