TCS ON SCRAP SALE..
This query is : Resolved
01 April 2026
TCS RATE ON SCRAP SALE FOR F.Y.2026-2027 AND UNDER WHICH SECTION NEEDS TO BE COLLECTED?
01 April 2026
Applicable Section: Tax must be collected under Section 394 of the Income Tax Act, 2025. This new Act replaces the Income Tax Act, 1961, starting April 1, 2026.
Revised Rate: A uniform rate of 1% applies to scrap sales.
Revised Rate: A uniform rate of 1% applies to scrap sales.
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