TCS On sale of Goods - New Income Tax Compliance w.e.f 1st October 2020

With a view to widen the tax-net, the Indian government has extended the scope of Tax Collected at Source ('TCS'). The Government of India has added a new sub section (1H) in the section 206C which would be called as section i.e. 206C (1H) of the Income Tax Act, 1961 with regards to 'Tax Collection at Source'.

source https://www.caclubindia.com/articles/tcs-sale-goods-new-income-tax-compliance-wef-1st-october-2020-45171.asp