No TCS on Cash Sale of Goods or Services or Jewellery w.e.f 01.04.2017

TCS on Cash Sale of Goods or Services w.e.f 01.04.2017 Finance Act 2017  had Deleted the Clause 206C(1D) and (IE) from Income Tax Act w.e.f 01.04.2017 . Thus person is not required to collect TCS on Cash Sale of Goods or services or bullion ( exceeding Rs 2 Lakh)  or jewellery (exceeding Rs 5 Lakh ) w.e.f 01.04.2017. This has been done because of insertion of new Section 269ST in income tax aRead More…