TCS on sale of scrap oil
This query is : Resolved
yogesh vijaykumar shah
(Querist)
02 November 2010
Whether TCS u/s 206 is applicable on sale of OIL Scrap? Please advise me.
02 November 2010
If the scrap oil is generated from manufacturing process and there is no reuse of this item, TCS will be applicable u/s 206.
RANGA SRINIVAS
(Expert)
04 November 2010
Dear Sir
Please look at the source for the scrap, if it is on account of manufacturing then TCS is applicable
Please look at the source for the scrap, if it is on account of manufacturing then TCS is applicable
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