Tds on sale of scrap
This query is : Resolved
28 May 2013
Hi,
Is there any provision in IT Act to deduct tax on sale amount of scrap in public auction? The amount expected is about 30 Lacs.
Thank you in advance
Is there any provision in IT Act to deduct tax on sale amount of scrap in public auction? The amount expected is about 30 Lacs.
Thank you in advance
28 May 2013
Please refer to section 206C of the income tax with regard to tax collection at source on sale of scrap
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