12.2. TCS

Question 1

206C(1F)

Answer 1

Seller who receives amt on sale of motor vehicle above ₹10L collect TCS @ 1%

Question 2

206C(IG)

Answer 2

Every authorized dealer of RBI at time of taking collection for remitting outside India under liberalized remittance scheme of RBI will collect TCS (Other than tour package) of buyer

Question 3

206C(IH)

Answer 3

Eligible seller of goods to collect TCS of buyer if in PY sale consideration > 50 L

Question 4

206CE

Answer 4

Sale of scrap - 1%

Question 5

206CR

Answer 5

Sale of goods- 0.1%