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of <h1>New TCS Rates for 2014-2015 Under Section 206C Include Alcohol, Timber, and Minerals; Vary by Entity Type and Income Threshold.</h1> The rates of Tax Collection at Source (TCS) for the financial year 2014-2015, inclusive of surcharges and education cess. It specifies different TCS rates under Section 206C for various goods and services, including alcoholic liquor, tendu leaves, timber, forest products, scrap, and minerals like coal, lignite, and iron ore. The rates vary based on the type of entity (resident, non-resident, or foreign company) and the income threshold, with specific rates for transactions involving bullion and jewelry when paid in cash.
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