Join ExamsbookAnswer : 1. "Electronic Tax Collected at Source"
ETCS means5
Q: ETCS means
- 1Electronic Tax Collected at Sourcetrue
- 2Electric Tax Collected at Sourcefalse
- 3Enable Tax Collected at Sourcefalse
- 4Electrical Tax Collected at Sourcefalse
- Show AnswerHide Answer
- Workspace
Answer : 1. "Electronic Tax Collected at Source"
Explanation :
Answer: A) Electronic Tax Collected at Source Explanation: Tax Collected at Source (TCS) is income tax collected in India payable by the seller who collects in turn from the buyer and it is provided under section 206C of Income Tax Act, 1961 at the sale of some goods which are specified. E - TCS is the process of filing TCS returns through electronic media. It is necessary for government and corporate collectors to file TCS returns in its electronic form. Collectors (other than government) have the provision to file TCS returns in physical form or electronic form.