TCS U/s 206C (1H) on Shares, Commodity contract, Motor Vehicle, Coal, Timber, Road Contract, Electricity, etc
Provision of s. 43B would be applicable though sale tax collection and payment debited though a separate sales-tax account.
Prior Period Expense allow ability: A liability, though pertaining to earlier year, is said to accrue when it actually crystallises, is ascertainable and legally enforceable.
Registration u/s 12AA granted to Jain Shwetamber Murtipujak Sukrat Fund Kaoda Committee by ITAT w.e.f. 13/08/1973
TCS: Whether purchases by the buyer should be more than Rs. 50 Lakh for TCS applicability u/s 206C(1H)?
Accumulation of income of Charitable Trust u/s 11(2): Observation by Karnataka HC in CIT Vs. Gokula Education Foundation