Tcs
This query is : Resolved
26 December 2013
Wat is TCS and why its levied on scrap sales ??? please elaborate in detail !!
thank you
thank you
26 December 2013
TCS is levied under Section 206C of the Income Tax Act.
As per the said section TCS is to be collected by the SELLER from the BUYER @ 1% of the sale of scrap.
As per the said section TCS is to be collected by the SELLER from the BUYER @ 1% of the sale of scrap.
28 December 2013
(i) Alcoholic Liquor for human consumption
(ii) Tendu leaves
(iii) Timber obtained under a forest lease
(iv) Timber obtained by any mode other than under a forest lease
(v) Any other forest produce not being timber or tendu leaves
(vi) Scrap
(vii) Minerals, being coal or lignite or iron ore
(ii) Tendu leaves
(iii) Timber obtained under a forest lease
(iv) Timber obtained by any mode other than under a forest lease
(v) Any other forest produce not being timber or tendu leaves
(vi) Scrap
(vii) Minerals, being coal or lignite or iron ore
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