TCS Section 206C

Guide on Tax Collected at Source TCS under Section 206C of the Income Tax Acxt, 1961

As per Section 206C of the Income Tax Act, 1961 the seller collects tax from the buyer on behalf of the government at the time of the sale. This tax is applicable to only some of the goods mentioned in the table under Section 206C. Applicability and Rates (i) Sale of certain goods Under section 206C(1), …

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