B J S And Associates

Month: October 2020

Income Tax Section 206C [1H] Explained

Income Tax Section 206C [1H] Explained

Introduction of 206C(1H) in Income tax act for collection of Tax at Source (TCS) on Sale of Goods w.e.f. 01-10-2020 (Today) Applicability Persons whose turnover in preceding financial years exceeds 10 Crore,  On sale of goods exceeding 50 lakhs except  export or goods  Sale of goods which are already covered in other TCS Provisions (I.e. […]