Bahut sare youtuber ya galti kr rahe he, Koi bhi vedio banate samay aapko ye bhul jana chahiye ki mene pahle bhi koi vedio bana rakhhi he, Me jis vedio ko jis purpose se dekh rha hu vo mera us ek vedio me clear ho jae tabhi vo ek best vedio ho sakta he Dhanyvad
I have done the payment as TCS 1.0% (Rs.10790) to KIA motors on purchase of KIA SONET (ex showroom price Rs.1079000). KIA motors (seller) will deposit the Rs.10790 (TCS) to government after collecting this amount from buyer (from me), right ? Now my question is : 1) How can I claim for refund of Rs.10790 ? 2) Is the amount will be reflecting in my form 16? as a advance tax paid ? or I need to file the ITR separate for Rs.10790 ? I am confused, please expla
Overall This is The Most Stupidest TaxLaw Ever. GST was there, Income Tax was there. Then they introduced this Complex Process of TDS TCS 0.1% On every Purchase Bill. Sala Admi Dhanda Kare yaa In sab me hi laga rahe.
Sir mere ek question tha agr meri company hai or m 50 lakh se uper ka good purchase krta hu to m TDs katunga or jo sale kr rha hai wo tcs katega to sir ye match kaise hoga
sr ji gold jab purchase krte hai to bhav do rahte hai 1 to tds ka bhav or 1 tcs ka bhav tds ka bhav 50 ru kam rahata hai ot tds ka bhav 50 ru jayada rahata hai main 10 crod se uper nahi aata isliye main tds main aata hu party ke phone aate hai ki mene tds nahi bharwaya
Sir, Thanku so much for the information , I want to ask a question that a seller sale goods to me from 01/04/2021 to 30/06/2021 with charging TCS on bill. Both party exceed 10 Cr applicability in last F.Y. year. Now from which bill i have to deduct Tds to party from beginning bill or from July month bill.
Sir mera International debit card transaction 7 lakh limit ke above transaction hone ke karan TCS 70 thousand kat gaya hai. Income-tax Act, 1961, Section 206C rule, Tax Collection at Source (TCS) par. to ye pura claim ho jayega kya .koi issues to nahi ate ?
@5:54 You said Deduct TDS on Purchase Date. How can we deduct on Purchase Date. Goods are Delivered A Day Later. Credit Bill comes to the Buyer. So when We make the payment then only we can deduct the TDS Amount and pay the Balance Payment na, ?!
Sir , suppose tradelink pvt ltd (y) and distribution pvt(x) Ye do company mar 2021 mai merged Hue xy , dono ki financial statements x ke nam se hue F.Y.2020-21 ,or gst y company ki alag Raha (x - company Non Gst product distributor) o1.04.2021 to 30.06.2021 tradelink ki gst alag Raha fir July 2021 se dono ki ek sath hi gst return jare (x) gst or non gst , to ye case mai tds on purchase , tcs on sale , purchase or sale value 50 lakh kab se grahit karna April 2021 se ya July 2021 se plz🙏🙏🙏 reply about this
Please reply Two entity with same pan no If one entity received more than 50 lakh . So if In this case two deductee having one pan no . What saller deductee is required fot TCS collection from second entity And deposited on same pan no in tcs return.
Sir apne bola tcs receipts pe applicable hota hai, but jb hum purchase karte hai kisi supplier se, wo toh invoice amount including gst pe tcs charge karte hai. I'm confused
Sir late fee challan add karne ke liye trace website per request for correction mai Add challan to statement per click kare Ya pay 220I. Lp,Ld, intereste ,late filling levy per click karna hai
Sir we are the importer, our previous year turnover didnt cross the limit but most of the invoices cross the limit of 50000 from the particular supplier in 2021-22, so can we able to Deduct tds?
Sir when we sale or purchase goods a single person in that case our sale value adjusted against purchase value and differece amount received but not exceed 50 lacs due to purchase value adjusted so we collect tcs on receipt basis or 50 lacs purchase adjusted and we collect tcs on reaming value
Sir (A) buyer having turnover 10 cr and (b) seller having turnover 10 cr , seller regularly deducts tcs against buyer, now tds and tcs both are applicable against buyer
Sir we have petrol pump business .we purchase fuel from IOC they collect tcs@0.1%.Now w.e.f 1st july 2021 will we have to deduct TDS on IOC or not ? it is confusing .... man Singh
@@ConsultGurpreet thanks sir, there's a pharmaceutical company who purchases the goods from big business houses then sell the same to other businesses on B 2 B basis are both sections applicable plz clear thanks a lot
We are trade company The transaction with one of our company exceeds 50 lakh . But last year we have not exceed turnover 10 crores. Is we are applicable for TDs and tcs
No one is able to explain when will Both sections be applicable or when will Only one section be applicable. And if one section then which one will be applicable
Both sections cannot be applicable at the same time. If both are applicable, only tds will apply. TCS is not applicable. This concept is clearly explained in this video as well.
Sir/Ma'am, There are many videos on 194Q and 206C 1H on you tube but every has different opinions and my confusions are as below. 1. 50 lakh limit is through total invoice value or Basic value of Purchase or Sale for both sections? 2. Goods means only Traded goods or including Capital goods also for both sections? 3. TDS and TCS will be applicable on BASIC value or GROSS value?
Both Buyer And Seller Exceeds 10Crore of Turnover. Now Who Should Apply TCS. Or Who Should Deduct TDS. ? Major Confusion.
Exactly same question
First priority TDS if Buyer does not deduct TDS then TCS will applicable.
🙏❤
Bahut sare youtuber ya galti kr rahe he,
Koi bhi vedio banate samay aapko ye bhul jana chahiye ki mene pahle bhi koi vedio bana rakhhi he,
Me jis vedio ko jis purpose se dekh rha hu vo mera us ek vedio me clear ho jae tabhi vo ek best vedio ho sakta he
Dhanyvad
I have done the payment as TCS 1.0% (Rs.10790) to KIA motors on purchase of KIA SONET (ex showroom price Rs.1079000).
KIA motors (seller) will deposit the Rs.10790 (TCS) to government after collecting this amount from buyer (from me), right ?
Now my question is :
1) How can I claim for refund of Rs.10790 ?
2) Is the amount will be reflecting in my form 16? as a advance tax paid ? or I need to file the ITR separate for Rs.10790 ?
I am confused, please expla
TCS mendatory n alluminium scrap business. I have small individual firm
Overall This is The Most Stupidest TaxLaw Ever. GST was there, Income Tax was there. Then they introduced this Complex Process of TDS TCS 0.1% On every Purchase Bill. Sala Admi Dhanda Kare yaa In sab me hi laga rahe.
Sir tds or TCS including gst or other ya without gst other per 0.1% katega sir
Dought is if supplier collect tcs from us what about 194q applicable or not
TDS or TCS dono taxable amount per deduct hoga ?
Hmne kisi company ko bill no. 002 sale Kiya jispe buyer tds deduct kr rha hai toh kya seller uspe tcs collect kr skta hai??
Sir I have collected tcs on the whole money received in a month. Forget to less the 5000000/- threshold. What will I do now?
Agr hme samne vali company se koi declaration Lena hai toh uski condition kya h
Sir ,How less 1% TCS from if total bill was 20 lakh
Sir tds or tcs deposit karne ki process batay onlie
Electricity invoice me tcs lag ke aaye to 194 q me tds katega kya ?
Lekin TCS ka bolte hai sir ki 50 lakhs se jyada ho tb whi same TDS me h to 10 crore bhot h
Sir mere ek question tha agr meri company hai or m 50 lakh se uper ka good purchase krta hu to m TDs katunga or jo sale kr rha hai wo tcs katega to sir ye match kaise hoga
sr ji gold jab purchase krte hai to bhav do rahte hai 1 to tds ka bhav or 1 tcs ka bhav tds ka bhav 50 ru kam rahata hai ot tds ka bhav 50 ru jayada rahata hai
main 10 crod se uper nahi aata isliye main tds main aata hu party ke phone aate hai ki mene tds nahi bharwaya
Superb
Thanks 🤗
Tds TCS purchase and sale me kese lagate h
Sir agrr ap isee copy pe likh k smjaa dete ki ek purches amount itna hai ispee aise TDS ya TCS lg rha hai like asie
Sir debit note credit note
Excellent sir.
206C (1H) kab lagega
Sir. Thank So much for valuable information.
Sir please clarify about including or excluding GST in both cases !!!! Also applicable financial year sir !!!
Sir, Thanku so much for the information , I want to ask a question that a seller sale goods to me from 01/04/2021 to 30/06/2021 with charging TCS on bill. Both party exceed 10 Cr applicability in last F.Y. year. Now from which bill i have to deduct Tds to party from beginning bill or from July month bill.
From July Bills.
Not collecting TCS on existing bills (upto 30.06.21) will be considered as default by seller.
Sir mera International debit card transaction 7 lakh limit ke above transaction hone ke karan TCS 70 thousand kat gaya hai. Income-tax Act, 1961, Section 206C rule, Tax Collection at Source (TCS) par. to ye pura claim ho jayega kya .koi issues to nahi ate ?
Bhaiya ji apka solution hua kya please batana mere bi same problem h
Tanks sir
Sir hme kese pta chlega samne wali party ka turnover 10 crore se upr h ya ni
You will have to ask
Thanks
sir ji changa
Sir my Taxable value Rs 9,53,02,523
Total GST 49,11,558.00 Total 100214087.00. TDS or TCS effect me ?
Nice
Sir my firm turnover below 10 cr but transaction in more than 50 lakh I’m liable TDS /TCS
@5:54 You said Deduct TDS on Purchase Date. How can we deduct on Purchase Date. Goods are Delivered A Day Later. Credit Bill comes to the Buyer. So when We make the payment then only we can deduct the TDS Amount and pay the Balance Payment na, ?!
Sir , suppose tradelink pvt ltd (y) and distribution pvt(x) Ye do company mar 2021 mai merged Hue xy , dono ki financial statements x ke nam se hue F.Y.2020-21 ,or gst y company ki alag Raha (x - company Non Gst product distributor) o1.04.2021 to 30.06.2021 tradelink ki gst alag Raha fir July 2021 se dono ki ek sath hi gst return jare (x) gst or non gst , to ye case mai tds on purchase , tcs on sale , purchase or sale value 50 lakh kab se grahit karna April 2021 se ya July 2021 se plz🙏🙏🙏 reply about this
Sir sale of machine other than vehicle cost approx 10 lakhs + is TCS applicable or not
Please reply
Two entity with same pan no
If one entity received more than 50 lakh .
So if In this case two deductee having one pan no .
What saller deductee is required fot TCS collection from second entity
And deposited on same pan no in tcs return.
Sir Thanks i understand what is TDS & TDS VERY NICE VIDIEOS.
ANY MORE VEDIOS ARE THERE PRACTICALLY ON PORTAL.
Sir apne bola tcs receipts pe applicable hota hai, but jb hum purchase karte hai kisi supplier se, wo toh invoice amount including gst pe tcs charge karte hai. I'm confused
Sir
late fee challan add karne ke liye trace website per request for correction mai
Add challan to statement per click kare
Ya pay 220I. Lp,Ld, intereste ,late filling levy per click karna hai
Sir we are the importer, our previous year turnover didnt cross the limit but most of the invoices cross the limit of 50000 from the particular supplier in 2021-22, so can we able to Deduct tds?
Hi sir Mera new entity hai but ek party ka sale above 50lakh ho gaya hai to ye sections kaise applicable hoga pls advice
Thank you so much for your valuable information, Sir.
Sir buyer ki turn over 10 cr hai or seller ki turn over 10 cr nahi hai or 50 lac cross bhi nahi karte hai to kya TDS TCS katega
Can get TDs and TCS tally entry pdf format
VERY HELP FULL VIDIEO SIR AGAIN THANK YOU
Best Active Thanks for New Updates
Dear Sir
Very nice
All concept clear by you
Regards
Thanks and welcome
Sir tcs and tds in manufacture factory in full detail link available
BHAUT HI SUPER VIDIEO SIR SARA CONFUSION DUR HO GYA BAKI KE CHENNEL VALE TO PURA GHUMA FIRA KE BTA RHE TE NICE EXPLAIN SIR THANK YOU VERY MUCH
Sir when we sale or purchase goods a single person in that case our sale value adjusted against purchase value and differece amount received but not exceed 50 lacs due to purchase value adjusted so we collect tcs on receipt basis or 50 lacs purchase adjusted and we collect tcs on reaming value
VERY GOOD EXPLAINATION SIR
sir i want to conform that which challan use to pay tcs on the time of payment
Sir (A) buyer having turnover 10 cr and (b) seller having turnover 10 cr , seller regularly deducts tcs against buyer, now tds and tcs both are applicable against buyer
Now TCS will not be applicable from 1 July. Buyer will only deduct TDS on purchase in this case.
@@ConsultGurpreet Sir, if the sales value is less than 50 lacs, then which is applicable TCS or TDS, as on month June/2022 ?
Sir....mujhe tds/gst ka group join karna hai....
And any party charge Tcs in Bill to kya us bill par bhi tds kaatni hai ya nahi.
Sir gold labour Bill Mai TCS Lagta he kya
Sir i am big fan best video tds and tcs pr
Thank u for ur valuable information
Sales /Turnover is including of gst ?
Exclusive of GST
Thank you sir.... 🙏👍
Sir we have petrol pump business .we purchase fuel from IOC they collect tcs@0.1%.Now w.e.f 1st july 2021 will we have to deduct TDS on IOC or not ? it is confusing .... man Singh
You start deducting TDS, they will not collect TCS.
Seriously damn good video this the best video of both the confusing topic side by side.
Very very great job sir..
Can we add tcs on sale bill
Sir Thank you so much for valuable information. I want to ask a question that if seller claims TCS in bill then we also deduct TDS?
Yes, If TDS is applicable. you have to apply TDS. Ask seller to remove TCS in that case.
@@ConsultGurpreet That is where I am confused the Most, Seller is Applying TCS, But condition says We have to Deduct TDS on Bill Amount.
nice teaching sir. thank you
Very nice keep it up👍 a difficult and confusing issue in simple language
Thanks for liking
Very nice explained 👌👌
50 Lac ki Limit har year dekhana he
Yes. Every year
No doubt Sir, all confusion is clear sir. Thank you 🙏🙏
Useful video Sir
Big thanks sir ji
Brother are both sections applicable simultaneously plz
If Both are applicable, only TDS will be applicable. Dont apply TCS
@@ConsultGurpreet thanks sir, there's a pharmaceutical company who purchases the goods from big business houses then sell the same to other businesses on B 2 B basis are both sections applicable plz clear thanks a lot
I have collect TCS from purchaser and collect TdS from seller. Then I will fill both return 26q and 26eq
thank you sir
Good knowledge 👍
Thank u sir
very useful...
Use full vedio sir
Thank you for the video
Thank you sir. Very clearly explained you..No confusion.
Nice video
Thanks
very good vedio
Good
Sir if party detucted tcs on sale we can also detucted tds on purchase on that bill
No
Sir if Turnover under 10 cr..so applicable this tcs/tds
No
Very nice
Thanks
Thank you Sir.
You are most welcome
We are trade company
The transaction with one of our company exceeds 50 lakh . But last year we have not exceed turnover 10 crores. Is we are applicable for TDs and tcs
No
@@ConsultGurpreet thanks
Sir please clarify where tcs is charged in that tds also will be applicable or not
TDS will over ride TCS, Deduct TDS, ask seller not to collect TCS on the same transaction
Thanks sir
Dear sir
Can u tel me it is applicable on 0% sales and purchase also
Yes
Plz also provide notes in pdf format it would be better for us
Sir where tcs is charged than also tds will be applicable
TDS will be applicable, stop TCS provisions
Thank you ❤️❤️❤️
You are so welcome
sir, thank you for sharing information in details and simple language, can you share the ppt or excel sheet of the same?
No one is able to explain when will Both sections be applicable or when will Only one section be applicable. And if one section then which one will be applicable
Both sections cannot be applicable at the same time. If both are applicable, only tds will apply. TCS is not applicable. This concept is clearly explained in this video as well.
You can also watch this video. It has examples also ruclips.net/video/5ZnRNS0FGVw/видео.html
Thank you very much Sir. You are a very good teacher.
Sir/Ma'am,
There are many videos on 194Q and 206C 1H on you tube but every has different opinions and my confusions are as below.
1. 50 lakh limit is through total invoice value or Basic value of Purchase or Sale for both sections?
2. Goods means only Traded goods or including Capital goods also for both sections?
3. TDS and TCS will be applicable on BASIC value or GROSS value?
1. Total invoice
2. Any goods(including capital goods)
3. Gross
TCS on total value it means gross value. TDS will deduct on Basic value.