Tax Collection at Source Required Under Section 206C(1H) for Sales Exceeding Rs. 50 Lakh Annually
Section 206C(1H) of the Income-tax Act mandates the collection of tax at source (TCS) from buyers on the sale of goods when the total sale consideration received in a previous year surpasses Rs. 50 lakh.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.