TCS on Sale of Scrap Section 206
This query is : Open
CA.Rashmi Billore
(Querist)
22 March 2021
Is any Threshold limit for TCS on scrap sale. (My transaction falls under Scrap Sale) ? Section 206 does not define any limit.
Please guide.
Please guide.
CMA Poornima Madhava
(Expert)
23 March 2021
As I understand, no threshold limit for TCS on sale of scarp. All such transactions are liable for TCS provisions.
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