TCS Return Filing
Quarterly TCS return filing for collectors. Form 27EQ preparation for tax collected
at source on specified goods, services, and transactions.
Overview
TCS (Tax Collected at Source) applies to sellers of specified goods (scrap, timber, minerals, etc.), overseas remittances (LRS), and high-value sales. Collectors must file quarterly Form 27EQ. TCS rates vary from 0.1% to 5% depending on nature. Non-filing attracts Rs. 200/day penalty.
Key Features
Key Features
