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Tax Rates for Tax Collection at Source ( TCS) U/s 206C during the A.Y. 2019-20

During the Financial Year 2018-2019 ( Assessment Year 2019-20), tax shall be collected under section 206C at the Rates given in the table.

If PAN of collectee  is not intimated to the collector , Tax will be collected by virtue of Section 206CC either at Twice the Rate specified in the Table or at the Rate of 5%, whichever is higher.

However, the provisions of section 206CC shall not apply in the case of Non- Resident collectee who does not have any permanent establishment in India.

Different Nature of Goods

Status of Purchaser or Licensee or Lessee

(Resident – Any Amount – TCS Rate ( inclusive of SC : Nil, HEC : Nil ))

Category – A ( sale of the following ) -

 

A1. Alcoholic liquor for human consumption (other than Indian made foreign liquor)

1%

A2. Indian made foreign liquor

1%

A3. Tendu Leaves

5%

A4. Timber obtained under a forest lease

2.5%

A5. Timber obtained by any mode other than a Forest Lease

2.5%

A6. Any other forest produce (not being timber/tendu leaves)

2.5%

A7. Scrap

1%

A8. Minerals being coal or lignite or iron ore

1%

 

 

Category-B ( grant of lease/license of the following )-

 

B1. Parking Lot, Toll Plaza, Mining and quarrying

2%

 

 

Category-D ( sale of the following whether payment is received by cheque or by any other mode) -

 

D1. Motor Vehicle of the value exceeding Rs. 10 Lakh.

1%

 
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