The Finance Bill 2025 proposes the removal of Tax Collection at Source (TCS) under Section 206C(1H) of the Income-tax Act from April 1, 2025. Reduction in compliance burden by omission of TCS on sale of specified goods Sub-section (1H) of section 206C of the Act, requires any person being a seller who receives consideration for … Continue reading TCS on sale of specified goods to be omitted from April 2025