Applicability of TCS on SCRAP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2011
Our company engaged in manufacture of lead bars using scrap from batteries and condemned batteries, Lead scrap. By dismantling the above condemned batteries of raw materials, by involvement of manual labour work, we get some scraps and selling the same to outsiders due to unnecessary to us.
My question is the above sale of scrap would affect TCS under IT act?
My question is the above sale of scrap would affect TCS under IT act?
Guest
Guest
(Expert)
20 January 2011
sale of scrap by your company would be liable for TCS under IT act.
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