Tax on scrap
This query is : Open
Gurwinder Singh
(Querist)
19 March 2014
what is the procedure to sell old iron boiler & its parts to scraper.
is there any kind of tax on sale of old iron ( in Punjab )
If yes than rate of tax , etc
Kindly Help...
is there any kind of tax on sale of old iron ( in Punjab )
If yes than rate of tax , etc
Kindly Help...
CA Manish Sharma
(Expert)
19 March 2014
Your buyer will collect TCS from you @ 1% and will deposit to the Central Govt account. He will also provide you the 27D as TCS certificate.
Gurwinder Singh
(Querist)
20 March 2014
Thank you so much sir...
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