New TCS Rates for 2010-2011: Key Changes for Alcohol, Timber, Scrap, and More
The rates of Tax Collection at Source (TCS) for the financial year 2010-2011, applicable to both resident/domestic and non-resident/foreign companies. It includes rates for various goods and services such as alcoholic liquor for human consumption, tendu leaves, timber, other forest products, scrap, and activities like packing lot, toll plaza, mining, and quarrying. The rates vary slightly based on whether the payment is to a foreign company and if the amount exceeds 1 crore, with additional percentages applied for surcharge and education cess.
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