Tcs under scrap
This query is : Resolved
Mandeep Kumar
(Querist)
03 March 2012
what is the last date of deposit tcs of last quarter and the last date of return of tcs of last quarter under income tax act ?
if basic amount = 100
vat 5% = 5
loading / unloading exp = 10
then we deduct tcs either on Rs 100 or 115 under scrap sale
what will be tcs amount in that case ?
if basic amount = 100
vat 5% = 5
loading / unloading exp = 10
then we deduct tcs either on Rs 100 or 115 under scrap sale
what will be tcs amount in that case ?
04 March 2012
All Relevant provision of TDS applicable regarding deposit and submission of return for TCS.
Date of Deposit of TCS- 30th April
Date of Submission of Qtr Return- 15th May
Date of Deposit of TCS- 30th April
Date of Submission of Qtr Return- 15th May
Mandeep Kumar
(Querist)
05 March 2012
ok sir
please also tell me on which amount i should deduct tcs (100 or 115) under scrap sale in my above example ?
please also tell me on which amount i should deduct tcs (100 or 115) under scrap sale in my above example ?
05 March 2012
on gross amount charged to buyer
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