Tcs on sale of machinery as scrap
This query is : Resolved
CA. Umesh Kumar Keshri
(Querist)
16 April 2014
Dear Sirs,
Kindly advise whether sale of old machinery used in production as scrap is liable to TCS.
Kindly reply with reference to the relevant provisions of the IT Act.
Thanking you in anticipation.
Regards,
CA Umesh Kumar Keshri
Kindly advise whether sale of old machinery used in production as scrap is liable to TCS.
Kindly reply with reference to the relevant provisions of the IT Act.
Thanking you in anticipation.
Regards,
CA Umesh Kumar Keshri
Rupesh Jain
(Expert)
16 April 2014
if sale as scrap
tcs will applicable
@ 1%
tcs will applicable
@ 1%
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