TCS under sub-section (1H) of section 206(c) is applicable during 2020-21 if turnover during previous year (2019-20) is :

CS Executive · Tax Laws and Practice · PYQS · December 2021
TCS under sub-section (1H) of section 206(c) is applicable during 2020-21 if turnover during previous year (2019-20) is :
(A) ₹5 crore
(B) More than ₹5 crore
(C) ₹10 crore
(D) More than ₹10 crore

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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