Understanding of section 206C(1H) of Income tax Act 1961- Department introduced the TCS on sales of goods by introduction of section 206C(1H) w.e.f 1st Oct-2020. Applicability of section 206C(1H) – The tax shall be collected by the seller from buyer, on an amount received exceeding INR 50 Lakhs at the rate of 0.1% ,following conditions […]
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