From April 1, 2025, TCS on the sale of specified goods under Section 206C (1H) will no longer apply, reducing compliance burden and preventing liquidity blockage.

Jun 17, 2025 · Overview of Section 206C TCS under Section 206C of the Income Tax Act of 1961 was introduced to ensure that sellers collect tax on selling certain goods. Section 206C (1) of the Income …

Aug 21, 2025 · Section 206C (1H) – TCS on Sale of Goods (Now Abolished) 👉 This section required sellers with large turnover to collect TCS from buyers once the sale receipts crossed the threshold. …

Section 206C of the Income Tax Act includes a wide range of goods, including wine, tendu leaves, forest fruit, and more, in addition to the sale of scrap. To learn about the TCS deduction on scrap under …

Before April 1, 2025: TCS was applicable on the sale of goods exceeding ₹50 lakh in aggregate value. From April 1, 2025: This provision has been removed, and businesses are no longer required to …

Apr 1, 2025 · The government has scrapped TCS on the sale of goods completely. Businesses are no longer required to collect TCS on the sale of goods from FY 2025–26 onwards.

Nov 7, 2025 · Under Section 206C (1H) of the Income Tax Act, Tax Collected at Source (TCS) applies to the sale of goods when specific conditions are met: Type of Goods: The seller deals in goods other …

Starting from 1st April 2025, there will be a significant change in the taxation structure for the sale of goods in India. The government has decided to remove the Tax Collected at Source (TCS) on the …

Jun 3, 2025 · Here’s the headline: Section 206C (1H) is being scrapped. From April 1, 2025, you no longer need to collect TCS on the sale of goods, no matter how big the sale or your turnover. That’s …

Jul 3, 2025 · From April 1, 2025, Sections 206C (1H) and 206C (1G) are omitted, removing TCS on high-value goods sales and educational remittances via loans. Only eligible sellers (business …