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TCS on scrap

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Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2010 TCS is applicable on sale of scrap?
explain in detail..plz..

Ram Avtar Singh

Ram Avtar Singh (Expert)
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20 April 2010 TCS on Scrap 1% from now no cess to be charged on TDS and TCS

items 50KG@50=2500
add vat 100

total 2600
TCS@1% 26
net amount 2626

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 April 2010 AGREE WITH EXPERT

CA Kapil B Gupta

CA Kapil B Gupta (Expert)
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20 April 2010 It is a good example given by Ram Avtar Singh.

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