TCS- Section 206C(1G)

How will a buyer claim the TCS?
TCS so collected and paid should be available for tax credit in the hands of the buyer against his PAN number. In order to get the credit, every buyer must ...
Tue, 15 Dec, 2020 at 8:51 PM
There are 4 people in my family who are going to travel. Whether TCS would be required to be done by all 4 people or just simply from one person who is making the payment?
TCS is applicable on the “Buyer”. Whosoever purchases it will be subject to TCS. If only one person makes the payment, he may be treated as “one” buyer and ...
Tue, 15 Dec, 2020 at 8:59 PM
Whether the TCS will be applicable in Travel Marketplaces (TravelTriangle)?
YES, as per Govt directions, all the bookings done via Marketplaces attract TCS. It includes sale of air tickets & hotel bookings done independently als...
Wed, 16 Dec, 2020 at 8:43 PM