| Question And Answer | |
|---|---|
| Subject: | TCS liability u/s 206CJ |
| Category: | Income-Tax |
| Querist: | G B AGRAWAL AND CO. |
| Answered by: | Law Intern |
| Tags: | Section 194Q, section 206C(1H) |
| Date: | September 29, 2025 |
During the F.Y 2024-25 the assessee sold the coal and on that 206-CJ i.e.. TCS liability arises
TDS u/s 194Q was done by purchaser
Query :
Whether in view of the fact that purchaser has made TDS u/s 194Q than the seller is not liable for TCS u/s 206-CJ ?
As per the proviso to section 206C(1H), if the buyer has deducted TDS under section 194Q on the purchase of coal, the seller is exempted from collecting TCS under section 206C(1H) on that transaction.
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