As per the Income Tax Act the Coal company is liable to collect TCS on its sales.
But does it have to do if it is exporting the coal??(if it has to, could anyone gove me the section under which it is mentioned)
Menu
Tcs on export sales
Replies (3)
No, the provisions of TDS or TCS are applicable in case of a Non Residents, only if thheir income is taxable in India. Hence if, foreign entity to which coal is sold, is not subject to Indian Income Tax, then TCS is not applicable.
Dear Saurabh Nene,
Can you please give a supporting case law for the same
CAN YOU GIVE ME DETAILS WHETHER SALES MADE TO FOREIGN PARTY ARE ATTARCTING TCS ?
WHAT ARE THE CONDITIONS IN THIS REGARD TO AVAIL EXEMPTION FROM TCS?
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
