Tcs applicable for resale of scrape
This query is : Resolved
irshad ahmed wani
(Querist)
20 December 2014
Sir,
I have query for tcs is applicable for resale of scrape and resale of wood under section 206 give me the answer and also give me example
I have query for tcs is applicable for resale of scrape and resale of wood under section 206 give me the answer and also give me example
CA Kumar Mukesh
(Expert)
21 December 2014
TDS on scrap is applicable in manufacturing scrap only under section 206C. In your case wood is not manufacturing scarp therefore no TCS will applicable if it is not comes as result of Manufacturing process
Rupesh Jain
(Expert)
22 December 2014
tcs applicable on the mfg. if it trading then no tcs applicable.
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