tax collected at source
This query is : Resolved
CA vikash Jain
(Querist)
05 August 2010
pls tell me whether TCS would be collected on tea leaves ?
if yes please provide with case laws and other details
if yes please provide with case laws and other details
CA. Pradeep Nayak
(Expert)
05 August 2010
TCS is not applicable on tea leaves. It is applicable only on the following :
1. Alcoholic Liquor for human consumption
2. Timber obtained Under Forest Lease
3. Timber obtained by any other mode
4. Tendu Leaves
5. Other Forest Produce (not agricultural produce)
6. Scrap
1. Alcoholic Liquor for human consumption
2. Timber obtained Under Forest Lease
3. Timber obtained by any other mode
4. Tendu Leaves
5. Other Forest Produce (not agricultural produce)
6. Scrap
sachin alwadhi
(Expert)
05 August 2010
ABSOLUETLY AGREE WITH PARDEEP.
VINOD ARORA
(Expert)
06 August 2010
Agreed with Experts, in this case TCS is not applicable.
Generally, the seller has to collect tax (TCS) from the payer who has purchased the following items :
•Alcoholic liquor for human consumption
•Tendu leaves
•Timber obtained under a forest lease
•Timber obtained by any mode other than under a forest lease
•Any other forest produce not being timber or tendu leaves (not being agriculture produce)
•Scrap
•Parking lot
•Toll plaza
•Mining and quarrying
Generally, the seller has to collect tax (TCS) from the payer who has purchased the following items :
•Alcoholic liquor for human consumption
•Tendu leaves
•Timber obtained under a forest lease
•Timber obtained by any mode other than under a forest lease
•Any other forest produce not being timber or tendu leaves (not being agriculture produce)
•Scrap
•Parking lot
•Toll plaza
•Mining and quarrying
Hitender Gaur
(Expert)
11 March 2011
Also visit the link:
https://www.simpletaxindia.org/2008/12/tax-collection-at-sourcetcs-provisions.html
https://www.simpletaxindia.org/2008/12/tax-collection-at-sourcetcs-provisions.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- GSTR-9C filing
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- Gift to nri relatives residing in usa
- Intimation under section 245
- TDS- 2026-27 Q1 Correction
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
