Tag: tax collection

TCS on sale of Goods: Some Tips
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TCS on sale of Goods: Some Tips

November 17, 2020

Mysore/Mysuru: With the Finance Act 2020, Tax Collection at Source (TCS) on sale of Goods has been introduced by the Government with effect from Oct. 1, 2020 under Section 206 C (1H) of the Income Tax Act, 1961. Following are the few tips for TCS: i) Any seller whose business turnover during the FY 2019-20…

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