May 12, 2026
Submitted By: Shristi Rajput
Circular NO 22/2016 Amendment in section 206C in vide finance
CBDT Circular No. 22/2016 dated 8 June 2016 clarified the amendment made by the Finance Act, 2016 in Section 206C of the Income-tax Act regarding Tax Collection at Source (TCS). It explained the applicability of TCS on sale of motor vehicles above ₹10 lakh and on cash sale of goods/services exceeding prescribed limits.
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