Daily Tip: TCS Certificate for Q1 of 2021-2011 due on 30 July 2021


Do you collect tax at source? Don’t forget, the deadline to provide your TCS Certificate for Q1 of FY 2021-2022 is 30 July 2021. 

TCS is a tax collected by a seller from a buyer at the time of sale. The seller is required to deposit the collected tax with the tax authority within the stipulated time. 

Once the seller has deposited the tax collected, they must also provide a quarterly TCS certificate in Form 27D to the purchaser of the goods.

Learn more about TCS here.

Visit the Income Tax Department website for the full calendar of tax-related dates.