TCS certificate under sec 206

[Ramesh V]

Dear sir,

We are paying royalty amount to tamil nadu govt. At source deductor collecting tax @2% paid through bank. Its responsible for the deductor to issue TCS certificate.But deductor not submitted thequarterly returns to income tax dept. While deductee asking to issue TCS certificate for the collected tax. The deductor refusing to give TCS certificate. Kindly advice.

Regards,

Ramesh

AI Summary

Non-issuance of TCS Certificate under Section 206 for Royalty Payment Sparks Inquiry on Compliance Issues A query was raised regarding the issuance of a Tax Collected at Source (TCS) certificate under Section 206. The individual stated that they are paying a royalty amount to the Tamil Nadu government, where the tax is deducted at a 2% rate and paid through a bank. However, the deductor has not submitted the quarterly returns to the income tax department and is refusing to issue the TCS certificate to the deductee. A respondent inquired if the issue had been clarified, requesting further information if not.