As per the new provisions under Income Tax Act, TCS is not applicable when sale is made to a person who is importing any goods into India. E.g. XYZ is procuring goods from domestic market as well as importing also. In such situation, when he procures from domestic market is TCS exempted since he is also an importer?
Kaustubh Karandikar Asked question September 25, 2020
Sir our team currently specializes in field of GST and thus we are not in a position to give any reply in regard to Income Tax.
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Frah Saeed Changed status to publish September 25, 2020