TCS
This query is : Resolved
29 January 2011
PLZ TELL ME ,MY CLINT PUR PLYWOOD FROM REGISTERED DIELAR (APPROX40 LAKH),HE IS LIABLE FOR DEDUCTION OF TCS .
Guest
Guest
(Expert)
29 January 2011
No as plywood is not timber
30 January 2011
thanks but if that pur of cut size wood than tcs applicable or not ?
26 July 2025
On your question about TCS on purchase of cut size wood:
* **TCS under Section 206C(1)(ix)** applies on sale of **timber obtained under a forest lease**, wood, or other forest produce (not being timber or tendu leaves) but it specifically excludes plywood.
* **Cut size wood** can be tricky — if it qualifies as **timber or wood from forest produce**, TCS @1% will apply.
* However, if the wood is **processed or manufactured (like plywood or other processed wood products)**, then TCS may **not** be applicable.
---
### In short:
* **Plywood: No TCS.**
* **Raw timber or wood from forest produce (including cut size wood if unprocessed): TCS @1% applies.**
If your client's purchase is from a registered dealer and is of raw cut wood (not processed), TCS is applicable.
---
Let me know if you want references to exact circulars or provisions!
* **TCS under Section 206C(1)(ix)** applies on sale of **timber obtained under a forest lease**, wood, or other forest produce (not being timber or tendu leaves) but it specifically excludes plywood.
* **Cut size wood** can be tricky — if it qualifies as **timber or wood from forest produce**, TCS @1% will apply.
* However, if the wood is **processed or manufactured (like plywood or other processed wood products)**, then TCS may **not** be applicable.
---
### In short:
* **Plywood: No TCS.**
* **Raw timber or wood from forest produce (including cut size wood if unprocessed): TCS @1% applies.**
If your client's purchase is from a registered dealer and is of raw cut wood (not processed), TCS is applicable.
---
Let me know if you want references to exact circulars or provisions!
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
- Refund Annexure-B
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Sale of Equity shares for Purchase of Residential Property
- GST Reverse
- Liable to deduct tds and 44ADA
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- RCM and FCM
- Two seprate Invoice needed
- Subscription paid to foreign customer
- GST Cancellation without jurisdiction
- ITC on purchase of commercial property( shop/Godown/offce etc.)
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
