TCS u/s 206C(1H) of the Income Tax Act, 1961 – w.e.f. 1st October, 2020
These changes shall affect a wide range of businesses across various industries. Hitherto, TCS was applicable to a select few industry verticals, but the new changes are slated to affect a wide range of entities into the business of selling various kinds of goods.
This white paper explains the new changes and we hope that it will answer most of your questions regarding the new levy.