21 Sep 2020
Finance Act 2020 introduced section 206C(1H) of Income-tax Act, 1961 (Act”) in relation to Tax Collected at Source (“TCS”) on sale of any goods w.e.f. 1/10/2020, other than the goods liable to TCS and TDS. Applicability If turnover of the seller exceeds INR 10 Crores in preceding financial year. Sale proceeds of goods exceeds INR [...]