TCS u/s 206C(1H) proposed to be omitted by Finance Bill 2025
• TCS on Sale of Goods @0.1% [Section-206C(1H)] omitted w.e.f. 1st April 2025. Meaning thereby, there will be no TCS @0.1% u/s 206C(1H) on Sale of Goods for value exceeding Rs. 50 Lakhs in a financial year.
• So w.e.f. there will be only TDS u/s 194Q which will be applicable on purchase of goods exceeding Rs. 50 lakhs from a single supplier.