Menu
U/s 206 c tcs
IF WE HAVE PURCHASE GOODS.OF RS 2 LACS IN CASH , THEN WE HAVE TO DEDUCT TCS 1% , BUT IF WE PURCHASE GOODS OF 190000 THEN NO NEED TO DEDUCT TCS PLS UPDATE
200000 SLAB ONE YEAR OR SINGLE DAY LIMIT FOR SINGLE PARTY
Replies (1)
TDS and TCS provisions are applicable when the amount exeeds the threshold exemption limit (here 2 Lacs) and become applicable from Rs 1/-
Recent Threads
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
Related Threads
CAclubindia
