Tag: Section 206C(1C)

TCS on Toll Plaza, Parking Lot and Mining Contracts – Section 394(1) (206C(1C))

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The provisions relating to collection of tax at source on specified contracts such as toll plazas, parking lots, and mining activities have been restructured under the Income-tax Act, 2025. The… Read more »

Section 206C(1C) – TCS on Toll Plaza, Parking, etc

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Section 206C(1C) of the Income Tax Act, 1961 mandates the collection of tax at source (TCS) by certain persons when they receive any amount as consideration for granting a lease,… Read more »