TDS Software | TCS Collection
TCS at the sale. 206C and 206C(1H) computed automatically.
TCS on traditional 206C categories (tendu leaves, scrap, motor vehicles > ₹10L, foreign-tour packages, overseas remittances) computed at sale. Section 206C(1H) on goods sale > ₹50L per buyer per FY computed where applicable. Quarterly 27EQ drafted from the collection register.
What the system does
Capability, input, output.
| Capability | Input | Output |
|---|---|---|
| TCS engine | Sale line + 206C / 206C(1H) rules | TCS rate per line |
| 206C(1H) threshold | Per-buyer FY sales | Threshold breach flag at the line |
| 194Q suppression | Buyer 194Q liability | 206C(1H) suppressed where 194Q applies |
| 27EQ draft | Quarterly TCS register | Drafted 27EQ in TRACES format |
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TCS engine
- Input
- Sale line + 206C / 206C(1H) rules
- Output
- TCS rate per line
-
206C(1H) threshold
- Input
- Per-buyer FY sales
- Output
- Threshold breach flag at the line
-
194Q suppression
- Input
- Buyer 194Q liability
- Output
- 206C(1H) suppressed where 194Q applies
-
27EQ draft
- Input
- Quarterly TCS register
- Output
- Drafted 27EQ in TRACES format
Compliance + integrations
TCS by the section.
Section 206C for traditional categories. Section 206C(1H) for goods sale above ₹50L per buyer per FY (FY-1 turnover above ₹10 crore). 194Q suppression applied where buyer is liable to deduct.
Regulations we work within
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Section 206C, Income Tax Act
TCS on notified goods and services at the sale.
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Section 206C(1H)
TCS on goods sale > ₹50L per buyer per FY (subject to seller turnover threshold).
-
CBDT Circular 13/2021
194Q vs 206C(1H) overlap resolution.
Connects to
- TRACES 27EQ filing
- Tally Prime TCS sync
TCS Collection FAQ
What buyers ask.
Foreign-tour package and overseas remittance TCS. Supported?
Yes. Section 206C(1G) (LRS overseas remittance) and Section 206C(1G) (foreign-tour package) are supported with the correct rates (5% / 20% based on threshold and category).
Motor vehicle sale > ₹10 lakh. TCS rate?
1% TCS at the sale per Section 206C(1F). The system applies it to motor-vehicle sales above the threshold; auto-included in 27EQ.
27EQ filing. Same flow as 26Q?
Yes. 27EQ drafts from the TCS register quarterly, reconciled against TRACES, signed off, filed. Form 27D (TCS certificate) issued to buyers in bulk after filing.
More in TDS Software
Related features
See your TCS register on next quarter's sales.
Connect one entity, free. Next quarter's sales auto-classify into TCS-attracting and not. The 27EQ drafts from the register; the CFO reviews on screen.