Discontinuation of TCS u/s 206C(1H) on Sale of Goods and Omission of Section 206AB

Applicable from 2026-06

Attempt Applicability

2026-06:Applies

2026-12:Applies

Statutory Comparison

Prior PositionPre-amendment

TCS was applicable on sale of goods exceeding ₹50 lakhs, and higher TDS/TCS rates applied to non-filers u/s 206AB.

New PositionAmended

TCS u/s 206C(1H) is no longer applicable with effect from 01-04-2025, and Section 206AB has been omitted to simplify compliance.

Affected Syllabus Chapters

direct-and-indirect-taxation

heads-of-income

Code: heads-of-income

Primary

Authority Document Reference

ICMAI Supplementary - Paper 7 Section A Direct Taxation (June 2026)

Reference Page: 16

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