Tax
TCS (Tax Collected at Source) Kya Hai? — Matlab, Definition & Example
Definition
TCS seller dwara buyer se specified goods ki sale ke time collect kiya jaane wala tax hai. Foreign remittance, vehicles, scrap pe lagta hai. ITR mein adjust ho jaata hai.
💡 Real Example
Sending ₹10 lakh abroad for education? TCS of 5% on amount above ₹7 lakh = ₹15,000 collected. This ₹15,000 is adjustable when you file ITR.
🇬🇧 English Mein (TCS (Tax Collected at Source))
TCS is a tax collected by the seller from the buyer at the time of sale of specified goods. TCS applies to: foreign remittance above ₹7 lakh (5-20%), sale of motor vehicles above ₹10 lakh (1%), scrap sale (1%), minerals/timber (various rates). TCS is adjustable against final tax liability.
❓ Common Questions
TCS (Tax Collected at Source) kya hai simple words mein?
TCS seller dwara buyer se specified goods ki sale ke time collect kiya jaane wala tax hai. Foreign remittance, vehicles, scrap pe lagta hai. ITR mein adjust ho jaata hai.
TCS (Tax Collected at Source) ka ek example do?
Sending ₹10 lakh abroad for education? TCS of 5% on amount above ₹7 lakh = ₹15,000 collected. This ₹15,000 is adjustable when you file ITR.
TCS (Tax Collected at Source) ko English mein kya kehte hain?
English mein ise TCS (Tax Collected at Source) kehte hain. TCS is a tax collected by the seller from the buyer at the time of sale of specified goods. TCS applies to: foreign remittance above ₹7 lakh (5-20%), sale of motor vehicles above ₹10 lakh (1%), scrap