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Classification of Seller for TCS
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https://help.tallysolutions.com/docs/te9rel49/TCS/Classification_of_Seller_for_TCS.htm

Classification of Seller for TCS

 

Under TCS, a seller is defined as any of the following:

  • Central Government

  • State Government

  • Local Authority

  • Statutory Corporation or Authority

  • Company

  • Partnership Firm

  • Co-operative Society

Any individual/HUF whose total sales, gross receipts or turnover from the business or profession carried on by him exceeds the monetary limits specified under Clause (a) or Clause (b) of Section 44AB during the previous year.