Description

The tax deducted/collected at source is paid to the credit of the Government. Late filing fees and interest (if any) is paid to the credit of the Government. The TDS/TCS return is filed before the expiry of a period of one year from the due date specified on this behalf.

As per this clause TCS is not required to be collected if buyer is liable to deduct TDS and deducted TDS. … If the buyer is required to deduct TDS on the purchase, then seller is not required to collect TCS on sale in the same transactions.