Amendment in TCS provisions

Share This Thread
  1. Saurabh G Jain

    Saurabh G Jain New Member

    In case of sale of goods/ Provision of service, If amount of single bill (whether it is sale bill of any goods or service bill except Bullion and Jewellery) is more than Rs. 2 lakh and whole consideration or any part of it, is received in cash then we shall also have to collect the TCS @1% of the whole consideration.
    In the above provision which type of payment mode is treated as cash?
    Whether payment received through bearer cheque then it is considered as cash or not?
Draft saved Draft deleted
Similar Threads Forum Date
Latest Amendment in Section 271F Income Tax Mar 10, 2017
Clarifications regarding Amendments in S.206C [TCS] Income Tax Jun 9, 2016
Sec.54 amendment in 2014 affect on exemption on purchase of 2 house1 of which abroad Income Tax Feb 1, 2015
Recent amendments in TDS for practical aspects Income Tax Jan 3, 2015
Amendment in Section 54EC - Capital Gains Bonds Income Tax Nov 5, 2014