What is the limit for TCS on sale of goods?
1 Individual PAN status - ?
2. Others - ?
What is the limit for TCS ?
Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3292 Points)
08 May 2021
6 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 08 May 2021
Assuming that you are referring to the rate of TCS, it is same for all (unlike TDS).
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 08 May 2021
What is the limit? is it 50lakhs?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 08 May 2021
Yes, w.r.t. section 206C(1H), you are right, provided the turnover in the preceding year is >10cr
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 08 May 2021
Yes limit for TCS is 50 lakhs e
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3292 Points)
Replied 08 May 2021
What is the rate of TCS for fy 2021.22
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 08 May 2021
| Originally posted by : Avinash Jeevan Dsouza | ||
 |
What is the rate of TCS for fy 2021.22 |  |
It is 0.1%
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