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How TCS u/s 206C(1H) can be configured and threshold also needs to checked?

in Receivables & Collections 1 comment

Summary:

As per the finance bill 2020 (u/s. 206C(1H) of Income Tax Act 1961), seller of goods is liable to collect TCS from the buyer for sale of goods more than Rs.50 lacs in a financial year.

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