📢 TCS on Sale of Goods - Section 206C(1H) Update in #financebill2025 🚨 The Finance Bill 2025 has introduced a proviso to Section 206C(1H), making it inapplicable w.e.f. 01-04-2025. However, it has NOT been omitted. 🔹 What does this mean? ➡️ Practically - TCS on sale of goods will no longer apply after April 1, 2025. ➡️ Legally - Section 206C(1H) remains in the Act, but it won't be operational. 💡 Although the Budget Speech & Memorandum mention the "omission" of TCS on the sale of goods, academically, 206C(1H) will remain part of the legislature but will be inapplicable. 2 thoughts on making it inapplicable instead of omitting! 1️⃣ Flexibility – The Govt. can reactivate it in the future without a fresh amendment, possibly for transactions where the buyer isn’t liable to deduct TDS. 2️⃣ New Tax Law Coming? – With New Income Tax act in next 1-2 years, retaining an inactive provision in the current Income Tax Act raises questions. 🤔