Hi,
can anybody tell which scrap Sales to be Consider for Charging TCS U/S-206C. i.e.What is Scrap means under Sec.206C
Regards,
Rudresh
Hi,
can anybody tell which scrap Sales to be Consider for Charging TCS U/S-206C. i.e.What is Scrap means under Sec.206C
Regards,
Rudresh
Dear Rudresh,
The term 'Scrap' subject to TCS, has been defined in Explanation (b) below Section 206C as under;
'Scrap' means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons;
Good luck !!!
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
