Only the following will be considered as sellers as per TCS mechanism u/s 206C > Central Government > State Government > Local Authority > Statutory Corporation/Authority > Company registered under the Companies Act > Partnership Firms > Co-operative Society > Individual/HUF subject to tax audit u/s 44AB Note: TCS shall not be collected at source, if the buyer is Central Government, State Government, Embassy, High Commission, Public Sector Company, Social Clubs, Sports Clubs, Local Authority.