Income-tax (21st Amendment) Rules, 2016 - Class or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply - 75/2016 - Income Tax Act, 1961
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TCS exemption for specified buyers: government, diplomatic missions and UN privileged institutions exempt from collection requirement. The amendment inserts a rule excluding specified buyer classes from the requirement that sellers collect tax at source on sales of goods (other than bullion or jewellery) or provision of services: namely the Government, diplomatic and consular missions and similar foreign trade representations, and institutions notified under the United Nations (Privileges and Immunities) Act, 1947.
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.
TCS exemption for specified buyers: government, diplomatic missions and UN privileged institutions exempt from collection requirement.
The amendment inserts a rule excluding specified buyer classes from the requirement that sellers collect tax at source on sales of goods (other than bullion or jewellery) or provision of services: namely the Government, diplomatic and consular missions and similar foreign trade representations, and institutions notified under the United Nations (Privileges and Immunities) Act, 1947.
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