Tcs collection
Querist : Anonymous
I have work with one small organisation. they are manufacturer of storage tanks. Now we done one trading activity, in that we purchase a scrap tanks & sell to other directly. This property are bankrupt property. we purchased it from one auctioneer.and sales to our clients.
So my question is shall in above case TCS is applicable. or whom should libel for same.
Thanks & Regards
+91-9850829528
Querist : Anonymous
Thanks for reply. But its a trading activity. so need to collect for buyer and deposit to Government.
Querist : Anonymous
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Ito add credit side of bank
- 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
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
