CASANSAAR CA Sansaar

Q. > Please Help: newly introduced 1%tds on cash purchase
user

971 views • Question added Jun 08, 2016 • Income Tax • By casanjayjuneja , CA , Saharanpur


whether new introduced 1% tds is also applicable on business purchase transactions or it is applicable only to transaction of purchase made by ultimate consumer for consumption

subscribe
user

vinit kumar jain

10-Jun-2016 , 11:20:17 am

Kindly go through the provisions of Sec 206C thoroughly. the same is applicable for business purchase transactions. Sec 206C relating to tax collection at source TCS and is applicable in respect of sale of specified goods.

user

Ankit Jain

17-Jun-2016 , 07:06:47 pm

TCS on purchase of Goods / Services u/s 206C(1D) on on both Personal consumption and business transaction. However if TDS is deducted on payment, TCS is not applicable.

Ask a question:
Experts Panelist
Profile Image
Rambabu Senkarasetti
Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 409
Profile Image
CA Satuti Mahajan
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 291
Profile Image
Vikash Kumar Jha
Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 270
Profile Image
Rishabh Upadhyay
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 257
Profile Image
Ashish Karundia
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 257
Profile Image
Mrattunjay
Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 220
Profile Image
PRIYANKA
Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 136
Profile Image
CA. SURESH Kr. AGARWAL
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 131
Profile Image
Vaneet Gupta
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 120
Profile Image
Ketan Samdani
Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT
Answers Posted : 117
View more
4896
QUESTIONS
4699
ANSWERS
833
EXPERTS
2730
QUERIST
Home Jobs Empanelment Queries Profile