Non-collection of TCS u/s 206C - there is no ambiguity that the ...

Case Laws Income Tax

December 18, 2023

Non-collection of TCS u/s 206C - there is no ambiguity that the seller of forest product is required to collect tax on forest produce. But the “Minor Forest Product” are the product are not covered under the Income Tax Act u/s 206C (1), sl no-(v)which is not liable to collect tax at source. We find that there is no ambiguity in the “Minor Forest Product” which are not at all liable to collect tax u/s 206C. - AT

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Non-collection of TCS u/s 206C - there is no ambiguity that the ...

Case Laws Income Tax

December 18, 2023

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This notification amends the Income-tax Rules, 1962, introducing changes related to tax collection at source u/s 206C of the Income-tax Act, 1961. The key amendments...

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