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        F. Acts / Amendment Acts

        Section 95 - Amendment of section 206CC.

        Finance Act, 2023
        Chapter III
        DIRECT TAXES - Income-tax

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        Cap on tax collection at source limits maximum TCS rate under the Finance Act amendment, clarifying withholding ceiling. The amendment inserts a proviso into sub section (1) of section 206CC providing that the rate of tax collection at source under this section shall not exceed twenty per cent, effective from 1 July 2023.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Cap on tax collection at source limits maximum TCS rate under the Finance Act amendment, clarifying withholding ceiling.

                                The amendment inserts a proviso into sub section (1) of section 206CC providing that the rate of tax collection at source under this section shall not exceed twenty per cent, effective from 1 July 2023.


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