TCS
This query is : Resolved
B R Ramesh
(Expert)
08 January 2011
Hi
CESS is not applicable
CESS is not applicable
08 January 2011
Yes not to be collected vide section 2 (8) and proviso to section 2(11) / 2(12) of the Finance Act,2010.
08 January 2011
wat i the rate of tcs and it is apllicable on which transaction?
Ram Avtar Singh
(Expert)
08 January 2011
tcs is applicable u/s 206 c of i.tax act and applicable on
following items
(i)Alcoholic Liquor for human consumption
one per cent
(ii)Tendu leaves
Five per cent
(iii)Timber obtained under a forest lease
two and one-half per cent
(iv)Timber obtained by any mode other than under a forest
lease
Two and one-half per cent
(v)Any other forest produce not being timber or tendu leaves
Two and one-half per cent
(vi)Scrap
One per cent:]
following items
(i)Alcoholic Liquor for human consumption
one per cent
(ii)Tendu leaves
Five per cent
(iii)Timber obtained under a forest lease
two and one-half per cent
(iv)Timber obtained by any mode other than under a forest
lease
Two and one-half per cent
(v)Any other forest produce not being timber or tendu leaves
Two and one-half per cent
(vi)Scrap
One per cent:]
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Capital gains in IT returns
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Intimation under section 245
- IMS (import of goods) ITC related
- 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
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
