TCS on sale of motor vehicle-Section 206C(1F)
Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding ten lakh rupees, shall,...
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TCS in case of Parking lot, Toll plaza, Mining and quarrying
Every person, who grants a lease or a licence or enters into a contract or otherwise transfers any right or interest either in whole or...
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Section 206C-TCS on sale of scrap etc.
Every person, being a seller shall, at the time of debiting of the amount payable by the buyer to the account of the buyer or...
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TCS on sale of any goods – Section 206C
In the Finance Act 2020 a new Sub Section 1H of Section 206C has been inserted to expand the Scope of TCS. As per sub...
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TCS on foreign remittance and selling of overseas tour package
Section 206C of the income tax Act has been amended by Finance Act 2020. Section 206C deals with TCS. A new Sub Section 1G of...
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Record 1-Year Jail given for TDS deposit delay
Section 276B is draconian provision under the Income Tax Act. Default for non deposit of TDS can send defaulters into Jail. Times of India reported...