TDS on Purchase of Goods Vs TCS on Sale of Goods
TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) play significant roles in revenue collection. Section 194Q and …
194Q
194Q – TDS on Purchase of Goods
Full form of TDS is Tax Deducted at Source. If your are a businessman then you must be aware with …
TDS on Purchase of Goods Vs. TCS on Sale of Goods
TDS on Purchase u/s 194Q and TCS on Sale of Goods u/s 206C(1H) are most important sections under Income Tax …
TCS on Sale of Goods – Section 206C(1H)
TCS on Sale of Goods: Let’s Read the Provisions of Law first: Section 206C (1H) Every person, being a seller, …
Section 194Q – TDS on Purchase
Section 194Q is a provision introduced in the Income Tax Act, 1961, by the Finance Act, 2021. It deals with …
