TDS (Section 194Q) v/s TCS (Section 206C(1H))
TDS (Section 194Q) v/s TCS (Section 206C(1H)) Registration for company With effect from 1st October 2020, the Government had introduced Section 206C(1H) i.e., a seller having turnover of more than Rs. 10 Crores in the preceding financial year is required to collect TCS from the buyers from whom receipts exceed Rs.