Thursday, May 5, 2016

TCS Rates for F.Y. 2016-17 (A.Y. 2017-18)

Section
Nature of Payment
Cut-off Amount
TCS Rates (%)
Individual / HUF
Other
206C
Scrap
-
1
1
206C
Tendu Leaves
-
5
5
206C
Timber obtained under a forest lease or other mode
-
2.5
2.5
206C
Any other forest produce not being a timber or tendu leave
-
2.5
2.5
206C
Alcoholic Liquor for human consumption
-
1
1
206C
Parking Lot, toll plaza, mining and quarrying
-
2
2
206C
Minerals, being coal or lignite or iron ore (applicable from July 1, 2012)
-
1
1
206C
Bullion if consideration (excluding any coin / article weighting 10 grams or less) exceeds Rs. 2 Lakhs or jewellery if consideration exceeds Rs. 5 Lakhs (and any amount is received in cash) (applicable from July 1, 2012)
-
1
1
206C
TCS on sale in cash of any goods (other than bullion/jewellary)
200000
1
1
206C
TCS on providing of any services (other than Ch-XVII-B)
200000
1
1
206C
TCS on Motor Vehicle
1000000
1
1
  Taken from www.tdscpc.gov.in

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