about sale of scarp
This query is : Resolved
01 December 2009
dear sir
a firm have Vat number of Trading concern.
but he know manufacturing products and scarp sale of iron.
if trader make scrap sale of iron then tcs is to deudted or not under income tax act because seller is Trdaer.
plz reply.
.......................\
a firm have Vat number of Trading concern.
but he know manufacturing products and scarp sale of iron.
if trader make scrap sale of iron then tcs is to deudted or not under income tax act because seller is Trdaer.
plz reply.
.......................\
03 December 2009
If trader seling Iron & Steel scrap TCS applicable on sale. but if purchaser provide Form No.27C for declaration for Manufacturing use of this scrap then TCS not to deduct on sa;e of scrap. collect 27C declaration form only.
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