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Tcs on sale

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Jyoti Narang (Kkk) 19 February 2021

if tcs is collected on sale then whats the treatment of this tcs for buyer.i.e claim it in income tax just like tds or anything else.plz guide...

M.Siva Subramanyam (accountant) 19 February 2021

TCS amount is current assets so we treat as before TCS amount

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