| Section | Goods & Services liable to TCS | Rate of TDS applicable for the period |
| Section 206C(1) | Alcoholic liquor for human consumption | 0.75% |
| Section 206C(1) | Timber obtained under Forest lease Timber obtained by any mode other than under a forest lease Any other forest produce not being timber or tendu leaves | 1.88% |
| Section 206C(1) | Tendu leaves | 3.75% |
| Section 206C(1) | Minerals, being coal or ignite or iron ore | 0.75% |
| Section 206C(1) | Scrap | 0.75% |
| Section 206C(1C) | Parking Lot | 1.50% |
| Section | Toll Plaza | 1.50% |
| 206C(1C) | ||
| Section 206C(1C) | Mining & quarrying | 1.50% |
| Section 206C(1F) | Motor Car | 0.75% |
| Section 206C(1G) | Overseas tour travel package | 3.75% |
| Section 206C(1G) | Remittance of Forex under LRS of Rs. 7 lakh or more in a financial year | 0.375%:Where remittance is a repayment of loan obtained for the purpose of pursuing any education 3.75% In any other case |
| Section 206C(1H) | Sale of goods in excess of Rs. 50 lakh | 0.08% |
Note: It should be noted the rate of TCS shall be at normal rates(old rates) in the following situations:
- Where the sum is paid or payable to a non-resident person
- Where a resident person does not furnish his PAN or Aadhaar and the tax is deductible at a higher rate under Section 206AA or Section 206CC, as the case may be.
Category: Sajan Bogawat & Associates