Wednesday, September 30, 2020

30 FAQs on new provision requiring collection of TCS on sale of goods

With effect from 01-10-2020, the Finance Act, 2020 inserted Sub-Section (1H) in Section 206C. In this article, we have covered all Frequently Asked Questions (FAQs) about the requirement to collect TCS on sale of goods with effect from 01-10-2020.

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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