Get the free Chapter TCS 3 - Wisconsin Legislative Documents - Wisconsin.gov - docs legis wisconsin
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File inserted into Admin. Code 1212007. May not be current beginning 1 month after insert date. For current Adm. Code see:
http://docs.legis.wisconsin.gov/code/admin×code
9
DEPARTMENT OF REGULATION
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What is chapter tcs 3?
Chapter TCS 3 refers to Section 206C(1H) of the Income Tax Act, which requires a seller to collect tax at source (TCS) at a specified rate from the buyer on sale of goods.
Who is required to file chapter tcs 3?
Any seller of goods who has total sales, gross receipts, or turnover exceeding Rs. 10 crores in the previous financial year is required to file Chapter TCS 3.
How to fill out chapter tcs 3?
Chapter TCS 3 can be filled out by providing details of the buyer, rate of TCS, amount collected, and other relevant information in the specified format.
What is the purpose of chapter tcs 3?
The purpose of Chapter TCS 3 is to collect tax at source from the buyer on sale of goods exceeding Rs. 50 lakhs in a financial year.
What information must be reported on chapter tcs 3?
The information reported on Chapter TCS 3 includes details of the buyer, rate of TCS, amount collected, and other relevant information as per the Income Tax Act.
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