Every time the seller receives part of the sale consideration in advance, the seller is mandated to deduct TCS under Section 206C(1H). The difficulty arises in the calculation of the amount when TCS is deducted on multiple advance payment transaction an...
TCS on advance receipt of paymentUnder section 206C(1H), sellers must deduct TCS every time that they receive payment against a sale consideration, or every time that they receive an advance payment. However, aa difficulty arises in the calculation when the amount of the paym...
Dear sirFor TCS on sale of coal whether i should collect TCS on value including gst or excluding gst Any clarification or circular on this For TCS on sale of good it was clarified that value for tcs to be including gst - Income Tax
i. The above is applicable for regular as well as correction statements. ii. The section code is denoted as '2AA' in the .txt file. B. New Section code 194IA (Payment on transfer of certain immovable property other than agricultural la...
2.1 To make a purchase on our Website, You must have an account (hereinafter the "Account"). You can create an Account as follows: - Either by going to the "Create an Account" (or equivalent) section of the Website; - Or in the process of ordering, during the identification step. ...
TCS calculation on customer payments under section 206C(1H) and where GST is also applicable. See Also As per new TCS rules, TCS is to be collected on receipt of payment that is over and above the threshold amount, the threshold amount is INR 50,00,000. User will receive payment...
Section 206C of the Income Tax Act says that when certain specified goods are sold, a certain amount must be added to their sale price – this is TCS, or Tax Collected at Source. The seller imposes this amount on the buyer and then has to deposit it with the government by a certain ...
gratis or for a fee, you must pass on to the recipients the same freedoms that you received. You must make sure that they, too, receive or can get the source code. And you must show them these terms so they know their rights. Developers...
TERMS AND CONDITIONS OF SALE AND WEBSITE TERMS OF USE 1. What do these Terms and Conditions apply to? 1.1 These Terms and Conditions will apply to all EU or international orders and govern your contract with us for (i) the sale of Products; and (ii) international delivery services. They...
To the extent specified on the Product Notice and unless stated otherwise in the Order Confirmation, Support Services in the form of the Support Option (as defined in section 5A above) noted on the Product Notice are included free of charge during the warranty period for Hardware. In some ...