TCS
This query is : Resolved
Shailesh satvara
(Querist)
18 January 2010
Dear Sir,
TCS applicable of Iron or wood yes or no. ?
how many Percentage ?
TCS applicable of Construction scrape sales Yes or No.? pl justify and which section?
TCS Applicable of Manufacture unit scrape sales -yes or no.
TCS applicable of Iron or wood yes or no. ?
how many Percentage ?
TCS applicable of Construction scrape sales Yes or No.? pl justify and which section?
TCS Applicable of Manufacture unit scrape sales -yes or no.
18 January 2010
Little on TCS menitoned in my file on TDS Rate Chart FY 09-10 in files section or see bookmarks
Ram Avtar Singh
(Expert)
19 January 2010
TCS applicable @1% on scrap of Iron or wood and if manufacturer provide Form 27C declaration then no TSC on sale of scrap to manufacturer.
Forms for furnishing TDS/TCS returns under section 206 and 206C(5A).
New forms, Form No.24 (Returns of TDS form Salary), Form No.26 (TDS from
payments other than Salary), Form No. 27 (TDS from payments made to non-residents)
and Form No. 27E (Returns of TCS) have been notified. From 1/4/2005, all returns of
TDS/TCS will have to be in the new forms only. Returns which are filed in old forms will
not be accepted. Any late returns of TDS/TCS for earlier financial years will also have to
be in the new forms.
[S O 456(E)]
Rules and Forms for quarterly statements of TDS/TCS under section 200(3) and
proviso to section 206C(3)
New rules and forms have been inserted in the Income tax Rules for enabling
filing of quarterly statements of deduction / collection at source under section 200(3) and
proviso to section 206C93) in respect of tax deducted/collected at source on or after
01/04/2005.
Forms for furnishing TDS/TCS returns under section 206 and 206C(5A).
New forms, Form No.24 (Returns of TDS form Salary), Form No.26 (TDS from
payments other than Salary), Form No. 27 (TDS from payments made to non-residents)
and Form No. 27E (Returns of TCS) have been notified. From 1/4/2005, all returns of
TDS/TCS will have to be in the new forms only. Returns which are filed in old forms will
not be accepted. Any late returns of TDS/TCS for earlier financial years will also have to
be in the new forms.
[S O 456(E)]
Rules and Forms for quarterly statements of TDS/TCS under section 200(3) and
proviso to section 206C(3)
New rules and forms have been inserted in the Income tax Rules for enabling
filing of quarterly statements of deduction / collection at source under section 200(3) and
proviso to section 206C93) in respect of tax deducted/collected at source on or after
01/04/2005.
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