TAX COLLECTED AT SOURCE
This query is : Resolved
SHARAD THAWALI
(Querist)
05 November 2008
HAS TCS TO BE COLLECTED FOR SALE OF OLD ARTICLES IN CONCERN (PARTNERSHIP) IF YES ,THEN LIMIT ? SAY AMT RS 50,000/-
S.Srinivasaraghavan
(Expert)
05 November 2008
you have to say whether the article is as listed in the table given in section 206C of IT Act 1961.
CA Bosu babu
(Expert)
05 November 2008
TCS is collected while making the sale of Manufacturing Scrap to anybody. as per my opinion for any amt you have to collect TCS...(i came through one audit this...)
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